Word: bond
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Dates: during 1920-1929
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Once more the bitter truth is driver home that the American democracy has no room for intellectual giants. Idealists, geniuses; thinkers when placed in high office, are cramped and bound by an inelastic mass opinion. They may struggle, as Wilson and Hughes struggled, to escape this bond--without success. Charles Evans Hughes will be called a great Secretary of State because he stretched these chains farther than others, but as a whole his diplomatic record is a history of the mediocrity of American democracy. And who will ask why he resigned...
When the electric industry of the U. S. first got under way, the problem of financing its customers at once arose. The General Electric Co. consequently organized the Electric Bond & Share Co. as a subsidiary, to supervise electrical engineering construction projects and to obtain capital for them. In enterprises so financed, purchases of electrical equipment were confined to the General Electric as a seller. The Electric Bond & Share Co. came to control directly or indirectly over 100 electric power, street railway and gas companies, with a combined capital of about $650,000,000 and serving a population of over...
This union between General Electric as a seller and so many operating service companies as buyers, effected through the Electric Bond & Share Co., has long been criticized on the grounds of monopoly. While jealousy of rival producing companies and political claptrap have played a large part in such criticism, nevertheless there has been present something of truth and justification...
...seven nations, it would appear that the Free State acted within its rights. But the question is far, far deeper. The Commonwealth is bound together by a common bond represented by the Crown. Dominion Status within the Commonwealth does not legally empower any member to undertake any action which shall or may in any way undermine government by King, Legislature and Executive.*** The mere registration of the treaty seems in no way to invalidate this con- ception of government, but it implies the right of the Free State, if the Boundary Commission fails to settle the Boundary Question between Northern...
...summer and fall of 1924 marked the transition from the first stage of easy money and dullness to the second stage of easy money, active stock-market speculation, stationary or declining bond prices and reviving industry. The sequence of these phases of the business cycle are familiar to all; the question thus is one of their velocity and probable duration. Moreover, no two business cycles have ever been exactly alike except in their general economic principles; and granted the whole business-cycle theory, elaborate analysis of each given indus-try still remains necessary...