Word: bottome
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Dates: during 1920-1929
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...second diplomatic coup was in 1926. With the franc falling to 3 cents, and no bottom in sight, anti-American sentiment reached a peak. Mr. Herrick took several hundred thousand dollars voted by Congress to purchase a new Embassy and bought francs, all the francs he could, "to show America's belief in the stability of France...
Begins at Bottom...
...many men of the sword. It is of the very first significance that, last week, neither the government nor Chief Rebel Gilberto Valenzuela laid any great stress on such appeals to principle, credulity or reason as helped to win the Great War. Any fight in Mexico is, at bottom, just dogfight, though the triumph of General Calles would mean the continuance of his Socialist Anti-Catholic policies. During the week General Calles' so-called "puppet," President Portes Gil, called at the U. S. Embassy?something which no Mexican President has done for many, many years?and expressed to Ambassador Dwight...
...would be more in keeping with present credit conditions than the 5% rate now obtaining. Last week call money was at 8% to 12%, time loans at 7�%, commercial paper at 5�%, bankers' acceptances (60 days) at 3 3/8%. The Federal Reserve rediscount rate was at the very bottom of the money market, was lagging far behind the general trend toward higher and higher interest rates. Theoretically an index to prevailing conditions, the 5% rediscount rate was actually an exception to them. That is why Mr. Warburg termed the rate "grotesque . . . out of line...
...must have thought I was trying to do the shimmy, before I'd even thought about it. But after the first minute or so, everything went wonderful and I seemed to have the audience right with me. They never fail to react when I give them that old Black Bottom or some of the rest of my stuff...