Word: bullion
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Dates: during 1940-1949
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...Because silver is the best electrical conductor and the rearming U.S. will be short some 770,000 tons of copper next year, the 100,000 tons of Treasury bullion might well be largely drawn into wire and installed in new defense plants this winter to save some 75,000 tons of copper. So suggested Robert E. McConnell at a convention of chemical engineers. Copper is priced at 12? a lb., silver around $10 a Ib. depending on when it was bought; but defense plants are well guarded and their wires full of deadly high voltages 24 hours a day. After...
...Bull on Bullion...
...Robert Vansittart descended from the Vansittart who was so elaborately wrong in his counter-resolutions to the report of the Bullion Committee in 1810? Perhaps being wrong runs in the family...
...whose other grandsons was Nicholas Vansittart (1766-1851), M.P. for 26 years and at various times Special Envoy to Denmark, Secretary to the Treasury, Chancellor of the Exchequer. In 1810 Britain-in the midst of war with Napoleon-was off the gold standard, the price of bullion was high in terms of Bank of England notes, foreign exchange was difficult, inflation loomed. A Parliamentary Bullion Committee met, wanted to resume specie payments. But Vansittart urged the country to stay off the gold standard, insisted that public faith in the Government was enough to make paper money a satisfactory coin...
...Harry Oakes, Maine-born, Bowdoin-bred mining tycoon (Canadian gold) now living in Nassau, where income taxes are 5%. Unlike his colleagues, most of whom are longer on bullishness than on bullion, Sir Harry is so fabulously wealthy that he might well finance the bulk of the bonanza...