Word: credited
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Dates: during 1930-1939
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...like Franklin Roosevelt, meant to fulfill his radical campaign pledges. The hitherto haphazard land division system passed into the hands of a nationwide Agrarian Administration whose officers, all pistol-toters, organized the peons into ejidols (collective farms), financed by the State's especially created National Bank for Ejidol Credit. Scarcity of water has always been the curse of Mexico, and the State began to erect numerous irrigation dams and supplementary public works which today sprout half-completed in all parts of Mexico. Education was stressed to teach peons, accustomed for centuries to kiss the hand of local Mexican bigwigs...
Working through the University's extension department, with the help of its big, forthright director, Rev. Dr. Moses Mathias Coady, Father Tompkins preached the doctrines of cooperation so effectively that Nova Scotia today has 142 flourishing credit unions (small banks with revolving funds), 42 cooperative stores, 28 cooperative lobster and fish processing plants...
Furthermore, since "small industry does not have the same access to the capital market as does large industry" there should be "a real system of capital credit banks ... a system which would have to be backed by a capital reserve bank . . . able to create credit, and to join in contracting it when necessary...
Argentina has a high credit rating in the U. S. It borrows frequently, pays its interest with the punctuality of a conservative savings bank. Remembering that last year a long-term Argentine issue went for 91, insiders figured the Government was unwilling to let its short-term loan go for the price (93-95) the underwriters reputedly were planning...
...TIME credits me with the origin of the Rail Auto Travel Plan. Fact is, various ideas of coordinating automobile and railroad transportation have been suggested for many years but the New Haven Railroad is the first transportation company to devise a plan of this character. Credit should go to the New Haven and to all Hertz operators in its territory under the able leadership of R. S. Robie, Hertz man of Boston...