Word: crediteer
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Dates: during 1930-1939
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...yard high hurdles, Milt Green, with three record-tying races to his credit during the winter season, is one of the outstanding prospects of the team. Though his team-mate, Dick Dayes, is out of competition for the year, Green's performance guarantees Harvard the five points for first place in this event against any opponent on the Harvard schedule. Green set a new Tri Meet record in his last start, and track fans expect that he will set a new world's record before the season...
...that if history could be remade, "we would have none of this holding company business." Even his own high priest of public power, Director David Eli Lilienthal of the Tennessee Valley Authority (a holding company), once declared: "Perhaps most important of all, to the holding company must go the credit for the unprecedented flow of capital into the public utility industry, making possible extensions and improvements of service...
...insight into the Rivera revolution. While a correspondent in Paris, he observed Poincare at close range; the only mental conception he retained was one of contempt. He was in Geneva when the ill-fated Protocol was introduced; his cynicism regarding the League of Nations does him less credit than the remainder of his opinions...
Whatever other objections he may have to the prepayment of the bonus by either of these measures, concern for government credit is undoubtedly the dominant one. Either the Patman bill, which proposes immediate payment of the 2 billion dollar bonus (due years hence) by resorting to the printing-press or the Vinson bill which proposes to raise the amount by the sale of bonds, would shatter government credit. Any government which played the bonus now would rightly be considered totally irresponsible by investors, and would have difficulty borrowing money anywhere. Yet gigantic borrowing operations for legitimate purposes are absolutely indispensable...
Aside from the danger to a none too firm credit position, the veto could and should be invoked on moral and social grounds. No group has ever been so favored and pampered as the bloc of veterans and pseudo-veterans. Some historians say that the present liberality, graft, and falsification makes post Civil War governments look like pikers. The government is now spending an average of nearly three thousand dollars for each soldier killed or wounded in action--compared to less than 25 dollars in any wartime nation. Courageous leadership is absolutely necessary if the nation is to be saved...