Word: credited
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Dates: during 1920-1929
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...Smoot attitude seemed to many an observer to coincide remarkably with President Hoover's. Only the President's bitterest critics credit him with having been simple-minded or stubborn enough not to realize that Washington, with wet Maryland adjacent and the broad Potomac handy, is one of the easiest places in the U. S. to buy liquor. And only the fanatically Dry have failed to appreciate the sense of the Hoover policy on Prohibition, sharply announced soon after Inauguration (TIME, March 11). The gist of that policy was: "No more crusades...
They asked him why the Federal Farm Board had been so slow in extending to farmers the $500,000,000 credit at its disposal. Chairman Legge replied: "It took Congress eight years to pass farm legislation. The Board should be given a little more than two months to accomplish what is expected...
They asked him if it were true that the Board's credit was being extended only in cases where loans were otherwise unavailable; they said Congress had intended something quite different. He replied: "I have read the bill about 20 times and I don't understand yet. If anyone of you understand, you are better men than...
Quick to criticize this move were English businessmen, struggling to maintain the slow revival of British industry, for a higher rate means higher credit charges. On the other hand London bankers, nervous over the long and steady drain of gold from England, saw in the bank's announcement the only possible way of bolstering the gold reserve, down ?20,000,000 this year and now ?17,000,000 below the irreducible minimum of ?150,000,000, set by the Cunliffe Currency Commission...
This expense, it was revealed, will come out of running expenses for the current year, rather than from the surplus as was considered last spring. With the propect of several items previously not taken into consideration, accumulating to the credit of the revenue account, it is estimated that the expense of the stands will be almost if not wholly absorbed in the year's budget...