Word: compel
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...State Court in Manhattan the Federal Government filed an unprecedented suit to compel the 20 banks of the New York City Clearing House to pay $9,375,000 for losses of the defunct Harriman National Bank (TIME, March 27). The Government's contention was that when during the dark summer of 1932 officers of the Clearing House promised to support the Harriman, it bound members of the Clearing House to pay any losses to Harriman depositors. To this Clearing House officials retorted that the Clearing House did not and could not give such a guarantee, that the directors...
...many folks think of currency inflation as a matter of volition. When it comes, there is usually no way of stopping it. What is more important is how to prevent the series of circumstances that compel the printing press to turn out paper money in unlimited quantities...
...their war debts to the U. S. had almost ceased to be news. Editors tucked it away last week on inside pages, gave front page play to a blast from H. R. H. Prince Louis of Monaco that his Government will ask the U. S. Supreme Court to compel the State of Mississippi to make good on $100,000 worth of its defaulted bonds of 1831 to 1837, now owned by the Principality...
Amid pandemonium the whole Tabasco delegation and a large section of the Convention leaped to their feet shouting "DOWN WITH GOD!" When quiet was restored the Convention voted that Article II of the Mexican Constitution, which already forbids religious instruction shall be extended to compel "Socialist instruction" in schools. As one delegate put it: "Someone has said that God has strong arms to guide the destinies of Mexico but we know that our farmers and laborer have still stronger arms and will shape their own destiny...
Congress, therefore, instead of being radical and intent on inflation, is likely to have a considerable sound money sentiment which will wish to compel stabilization of the dollar. This is one of the reasons why it has been taken for granted outside the government for the last several days that Mr. Roosevelt would announce a stabilization policy before Congress assembled...