Word: bonding
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Dates: during 1930-1939
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...respect to the action taken by the U. S." Bumbled the Tory Morning Post: "It would be difficult to find a parallel for so unblushing and callous a breach of contract. ... It is almost unthinkable that Washington would repudiate the letter and spirit of the gold contracts in these bonds." Mocked the Financial News: "Iowa and the farmers at large are in the legislative saddle and Roosevelt can but paddle along holding on to the tail." British editors broadly hinted that if the U. S. could default on its gold bonds, Britain could, with equal impunity, default on its gold...
...example of "dollar diplomacy." Stories of the backing of Dictator Machado by U. S. tycoons are even older than stories of Dictator Machado's murders. A few facts are undisputed. In 1924 horn-rimmed Gerardo Machado y Morales was an officer of the Santa Clara subsidiary of Electric Bond & Share, to whom he had sold his own power company a few months earlier. His son-in-law, Jose Emilio Obregon. sometimes called the "Wood Louse" because of his handling of shiploads of lumber donated to Cuba by the American Red Cross after the 1926 hurricane, was manager of Chase...
...United States Government has . . . taken a step backward into the darkness of the Middle Ages," snapped crusty old Editor Jacob Seibert last week in his Commercial & Financial Chronicle, referring to the decision to pay Government gold bond interest in paper dollars. But U. S. Business took a big step forward. Chart-watchers throughout the land happily eyed certain thick black indexes creeping slowly above the line of May 1932. For the first time in four long years of Depression, they said, U. S. Business was definitely better than it had been twelve months before. Automobile production for the third successive...
...year." The public service prize (gold medal costing $500) was won not by a single exploit but by a medley of campaigns pushed by the World-Telegram last year: an exposé of discreditable phases of veterans' relief by Reporter Talcott Powell; a series on the real estate bond racket by Reporters Joseph Lilly & Fred Woltman; an expose of the lottery schemes of the Eagles and Moose lodges which led to Federal prosecution (TIME. Aug. 29 et seq.) by Reporter Winston Murrill; urging New York City voters to write-in the name of upstanding Joseph V. McKee for Mayor...
Howard Sutherland, onetime Senator from West Virginia, distinguished for seven years as absolutely incorruptible in the very tempting job of U. S. Alien Property Custodian, last week resigned his job to accept the presidency of Fidelity Investment Association (a bond-holding trust selling annuity contracts on instalments to small investors) succeeding in that post former Comptroller of the Currency John William Pole...