Word: burdens
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Dates: during 1930-1939
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Bankers and businessmen swarmed to support Secretary Mellon. They contended that the proposal to put extra cash in circulation was unsound economics inasmuch as it was unknown if and how the money would be spent. They also warned that the extra burden of the payment in taxes and depressed prices, particularly with the Government facing a deficit, would fall hardest of all on Veteran Jim Jobless. While the argument went on, domestic bond-prices dropped about $12 and Government 4½s dropped $27 per $1,000 bond. Agitators for the cash Bonus cried: "Manipulation!" Bankers, really worried, looked glum...
...Minister. From their meetings Mr. MacDonald emerged with a change of mind. The Government would loan R. A. F. pilots for racing and planes for training, but no money. The Royal Aero Club hurriedly planned a nationwide appeal; the Society of British Aircraft Constructors assumed $50,000 of the burden. Sir Philip would do what he could. But the $500,000 was still remote...
...reduction of Great Britain's War debt to the U. S. now being raised by so many prominent persons,* Sir Robert Stevenson Home, onetime (1920-22) Chancellor of the Exchequer, placidly observed last week in London: "It has been represented that . . . this country ... is ... saddled . . . with a burden of payment under which we are groaning and struggling, and which is an important cause of the industrial depression from which we are suffering. "You would suppose that-and I find a large number of ordinarily well-informed...
Dorn Griffiths, upon whose shoulders rests the burden of carrying the story along, has retired from his bank presidency at the age of 50, resolved to find self-expression and relaxation on a small farm bought for the purpose near Philadelphia. Dorn has always lived in Philadelphia; has more than often been bored there. His wife is clever, self-sufficient, politically-minded and not in love with him. His son, after a correct education, is started well with one of the smart brokerage firms of the city. His daughter has been married "brilliantly" to Prince Rezzonica and lives in Italy...
...examination, even under ideal conditions, is a task no less trying than it is necessary. But when adverse atmospheric conditions are added to the mental difficulties of such a problem the burden becomes unduly heavy...