Word: credited
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Dates: during 1900-1909
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...function of paper money and of the banker is of course to facilitate the exchange of commodities and the payment of labor services. Commerce is carried on by credit and the means it has devised, such as checks, drafts and bills of exchange, while it is the banker who renders credit most effective. It is certain that 80 per cent, of the world's business is transacted by credit, while cash is used only for small payments, such as the adjustment of balances and the payment of wages. The larger possibilities of the system are trammelled by the law that...
From an article by Mr. Gage in the current issue of Moody's Magazine, it appears that the United States currency system is built on an artificial and unscientific basis, by which credit, which governs 80 per cent of the world's trade, may be broken down before a sudden demand for cash. This the banks cannot satisfy on account of their obligation to deposit in the treasury of the United States bonds to the amount of the notes they propose to issue...
...teams which have the smallest number of preliminary bouts to their credit will drop out of the tournament today. The preliminary bouts which were not fenced last evening and the finals will be held this afternoon and evening...
...them. A course in topography, offered for the first time last year will be repeated if a sufficient number of men express their intention of doing so to Professor H. J. Hughes before May 1. This course, if given, will be open only to men who have passed with credit in Engineering 1a and 4c or their equivalent...
...Lage, the captain of the Technology team, did the best work, winning all six bouts. W. L. Bowman 2L. excelled for Harvard with five out of six bouts to his credit. His losing to Lage was a surprise, as he was champion of the Pennsylvania division in 1903 and 1904, and at present is the holder of the New England championship. The best bouts were those between A. Tyng sS., captain of the University team, and Lage; and between Bowman and Lage, both of which bouts required an extra two minute period...