Word: collections
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Dates: during 1930-1939
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Last week chunky, moon-faced Governor George L. Harrison of the New York Federal Reserve Bank was in Basle, Switzerland looking on at a regular monthly meeting of directors of the Bank for International Settlements. In his capacity as international banker for the Federal Reserve System, he hoped to collect information from European bank heads on credit and business conditions, explain, in return, what he knew about U. S. business. But because he had never been to Basle before and because he was in direct charge of the Government's $2,000,000,000 exchange stabilization fund...
...Kans., neighbors were glad that bed-ridden Marietta Bishop was being so well cared for by her Daughter Myrtle. For two and a half years Myrtle had given them news of the old lady, had made them write her notes, had trudged to the post-office every month to collect her mother's $40 Civil War pension. When Myrtle arrived for the 30th time for the pension, the postmaster decided to walk back to Mother Bishop's with her. He found part of Mother Bishop cremated in a fruit jar, part of her stuck in a trunk, all of Mother...
...Herr Hitler showed himself the Little Man. He begged everyone please to be friends and patched up a tea party in the Ministry of Propaganda at which Dr. Goebbels and Lieut.-Colonel von Papen sipped at each other with wolfish smiles while the world in general was defied to collect what Germany owes by Reichsbank President Dr. Hjalmar Schacht...
Chancellor of the Exchequer Neville Chamberlain, who has a gentlemanly aversion to naming names, asked the House of Commons to empower him to collect "certain debts" from "certain foreign countries" by the extraordinary step of seizing the proceeds of their exports to the United Kingdom, at the discretion of His Majesty's Government. The bill was clearly aimed at Germany and amid a chorus of "Hear! Hear!'' the House rushed it through first reading and sped it on toward second...
...followed in a move to seize from Germans within their borders sums sufficient to meet at least the moratoriumed interest payments due British and French holders of Dawes and Young bonds. Since Germany sells to Britain and France vastly more than she buys, these Governments need only seize and collect payments which their citizens would otherwise make to Germany. In a stiff speech to the House of Commons hawk-nosed Chancellor of the Exchequer Neville Chamberlain explicitly threatened to do this, but gave Germany July 1 to mend her ways, amend her moratorium. Since the U. S. sells to Germany...