Word: bankes
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Dates: during 1930-1939
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...inability to make use of the experience and thought of an intelligent opposition the government of Mr. Roosevelt does not stand alone. That failure accounts for many of the major blunders of American history, from the suppression of Nicholas Biddle's National Bank to the panic strategy of Herbert Hoover. Where there is no coherent opposition there can be no sincere, continuous criticism of principle; democracy has been characterized by the lack of coherent opposition, for the reason that no man can or should have the humility and patience to convince a bureau, or a department, strong in the sanction...
...Oliver M. W. Sprague '94, Converse Professor of Banking, who has just resigned as Special Assistant to the Secretary of the Treasury in Washington, will return today to the Business School to resume his teaching there after a leave of absence of nearly four years, the majority of which time was spent as Economic Adviser to the Bank of England...
...when he had become financial adviser to the Bank of England, he announced that he had found no indications of economic recovery in America, and predicted that the depression would certainly become more acute, if indeed it were not to be a chronic condition. His opinion of the Russian system, often expressed, is that Russia's economic structure constitutes a direct menace "to the economic framework of the Western World," just as that framework is a menace to Russia. Professor Sprague had been associated with the Secretary of the Treasury as Executive Assistant since May of this year.RETURNS...
Fourth, a clearing house for gold settlements arranged through the bank for international settlements so that there would be economy in the use of gold, or, to put it another way, so that there would not be the same necessity in the future as in he past to ship gold from country to country. This would be analogous to the clearing houses in the Federal Reserve System...
...socialist, communist, or conservative; but for God's sake go out and experiment with your theories and test your convictions. By arguing what is right or wrong you never get anywhere. Theoretical ethics is the bank. There is no right or wrong in international law. I can prove that Japan had a perfect right to do into Manchuria, in spite of the fact that it was entirely wrong from China's point of view...