Word: boomingly
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Dates: during 1930-1939
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...banking measure. He called it "despotic." Unfortunately, that is no criticism at all. A centrally controlled bank, to realize its advantages, must be despotic. A centrally controlled bank, to realize its advantages, must be despotic. If only there had been an intelligent, central despotism of bank-credit during the boom, part of the present depression might have been avoided...
...First, because revenues will not be sufficient to meet expenditures, and second, because a deliberately excessive spending policy cannot induce recovery," he felt that sooner or later, even assuming an intervening "boom" America will have to choose between chaos and a return to American institutions. A day of reckoning is bound to come...
Under Pennsy's strict rules Mr. Atterbury would have had to retire anyway next January, when he will be 70. The first five years of his management were the last five years of the post-War boom. Like other railroad men of that era, he tossed about his railroad's millions in the great game of trading, for "strategic" reasons, in control of other lines. Pennsylvania's investments in Lehigh Valley and Wabash alone cost $106,000,000. At today's prices those holdings are worth about $4,000,000⊕ Mr. Atterbury's personal...
...even Adolf Hitler could not make his paper boom, German journalism was close to the rocks. Chiefly to blame, Minister of Propaganda & Public Enlightenment Dr. Paul Josef Goebbels, who censors and blights the Fatherland's news, last week berated German editors because "the published word no longer has its former effect. The reader has become a mule. . . . There has now reappeared the old 'vocal newspaper,' the passing of news from mouth to mouth. The reader is not responsible: the newspapers are responsible! They are losing ground because they satisfy only 40% of the readers' curiosity instead...
...silver they produced. For fifteen months they have joyfully sold their output to the New Deal at that price-a better price than they had received since 1926. Last week President Roosevelt upped the price of silver again, this time to 71? which, except for the Wartime boom, was the best price that metal had enjoyed in 40 years. Mining stocks had a flurry on all exchanges. Senators from silver States made speeches and urged new bills in Congress. International silver merchants excitedly bid up the world price to 65?. But the U. S. public and U. S. stockmarkets remained...