Word: alterations
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Dates: during 1930-1939
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...welter of advice the unfortunate Freshman must hearken to in his first few weeks, he can remember one small but significant idea, and retain it throughout his college career, he will have done well. No amount of teaching, no imposing array of facts, should lead a man to alter his fundamental outlook on life until he is convinced that his new view will serve him every bit as faithfully as the old. The fact that in the light of a single book or a single lecture he is unable to account rationally for beliefs held since childhood should not lead...
...giving him power to appoint and remove at will the Governor and Vice Governor. To this Administration-controlled Board it gave centralized powers to fix rediscount rates and conduct open-market operations (powers that had previously belonged to the twelve regional Reserve Banks throughout the land); authority to alter reserve requirements, and to admit or deny virtually any collateral for rediscount. As the bill emerged after Senator Glass had worked on it, the Federal Reserve Board (renamed the "Board of Governors of the Federal Reserve System") would be composed of seven members, only four of them belonging to the same...
...drawings for the newspapers, had them accepted, prowled through the museums, observed the most leisurely, tolerant culture of pre-War Germany. In these fine years he did four of the water colors on view last week in Munich, including well-rendered "architectural" pictures of Munich's Alter Hof (see cut) and of its National Theatre, a country house outside Munich. It all ended in August 1914. Hitler, a humble, alien lover of monarchical Germany, enlisted, not in the Austrian Army, but in the 16th Infantry Regiment of the King of Bavaria...
Governor Eccles wanted to give the Board power to alter at will and in any degree the reserves that member banks must by law maintain, so that it might apply brakes to any runaway credit inflation. The Glass Bill limits the possible upping of reserve requirements to double the present ratios. The Eccles draft would have made any & all bank assets, short-or longterm, liquid or frozen, eligible for rediscount. The Glass Bill provides for special Reserve Bank advances on ineligible paper in emergencies only. And thus throughout Title II Governor Eccles and Senator Glass both achieved their original aims...
...sentimental attachment of the American people for the Constitution is hard enough to explain here, but in the eyes of foreign nations it is simply unfathomable. No matter how much it is cursed as an obstacle in the way of modern and efficient government, any movement to alter it is met with the hottest of resentment. When it comes to a definite showdown, Americans decide with their peculiar toryism that whatever is to be done must keep within the limits of the Constitution. If this is found to be impossible, the legislation is hurried out of sight around the corner...