Word: bond
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Dates: during 1930-1939
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...Federal Reserve Board bade fair last week to bring upon itself direct government control, and will get just that before long, if it continues to withhold its support from the government bond market. It has excluded Morganthau, the President's chief fiscal officer, from its meetings, apparently with the intention of following an independent "we-know-better" policy of deposit contraction (credit deflation) to offset whatever attempts the President may make to finance the Recovery Act with government bonds. Happy the fate of these self-appointed Watchers Over the President if through obstinate resistance to the administration they bring about...
...Federal Reserve Banks can make or break this process of deposit creation by buying or selling government bonds themselves in the open market. For if they sell bonds, the cash positions of member banks are weakened, and these member banks become correspondingly less willing to lend money, to create deposits against government bonds or anything else. And the depression in the bond market, which results is what people mean by a destruction of government credit...
...unreasoning to suppose that the President knows what he is doing in the matter of gold buying. For he knows that the cry of terror about the government's credit is meaningless in view of the ever present possibility of forcing the sale of an unlimited quantity of bonds to the Federal Reserve Banks at par. And perhaps he only pretends that he expects to raise prices by buying gold, that he even expects or wants to raise prices at all. A good way of convincing foreign countries that the gold buying policy is not intended "artificially" to stimulate American...
Hulie Gable Hope Williams Pat Wells Fred Keating Ham Farnsworth Sam Wren Cassie Bond Mary Phillips...
...final profit and loss standing of his enterprise. Estimated total amount spent on the show was $32,529,000, but a considerable part of this was spent by exhibitors and concessionaires. When the Fair opened, its total liabilities were $13,202,000 of which $9,750,000 represented a bond issue subscribed by Chicagoans. Three days before closing, revenue from admissions was $8,913,000, from concessions $3,055,000. Expenses were $4,913,000. With adjustments for lesser items net operating profit was $7,454,000. Remaining liabilities...