Word: authorizes
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Dates: during 1930-1939
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With this quotation from George Crabbe, Economist Dickson H. Leavens prefaces a chapter of "summary and conclusions" in Silver Money, a comprehensive book published last week.* A white-fringed Yaleman of 52, Author Leavens first got interested in silver when he was teaching in Changsha, China, found that his paycheck fluctuated constantly. Today an acknowledged authority, he is employed by the Cowles Commission for Research in Economics, a Colorado Springs nonprofit organization set up in 1932 by Alfred Cowles...
...broaden the monetary base, the U. S. Treasury has spent nearly $1,000,000,000 buying silver at the pegged prices (now 64? an ounce for domestic silver, 43? for foreign silver), a substantial subsidy which has stimulated silver production the world around, driven China off the silver standard. Author Leavens speculates on what would have happened if this law had never passed, concludes that silver miners would have had a hard time, that the price would have fallen sharply, but that eventually a new and satisfactory equilibrium would have been established...
...South, past the Pacific Fruit Express yards, a car raced at 70 m.p.h. It slowed to turn left on Eleventh Avenue, sailed past the historic Dewey Palace Hotel before State traffic officers caught it, arrested Vardis Fisher, 44, impassioned Idaho novelist. Writing an impassioned account for the Idaho Statesman, Author Fisher said he was taken to jail, told to put his heels together, hold his head back, and close his eyes, to determine if he was drunk, was then locked in a verminous cell while officers examined "love letters from a dozen women" found in his pocket, and his Colt...
Christ in Concrete, autobiographical but imaginative, is a passionate, humorous, pathetic story of peasant Italians in the U. S., at work, in tenements, in animal anguish and animal high spirits. Author di Donato's Italians speak a translated Italian, lyrical, bawdy, tender, crude...
With so much to recommend it, Christ in Concrete has one unfortunate fault-its occasional passages of impressionistic, Joycean rhetoric. But these passages are not structural. Without them, the book would be as solid as one of Author di Donato's brick walls...