Word: crediteer
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Dates: during 1930-1939
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...This is a solid achievement to the credit of the international wheat agreement!" cried genial John I. McFarland, manager of the Canadian Wheat Pool. Other delegates saw no reason to contradict him. The nation which, on a percentage basis, had most flagrantly broken its pledge happened to be the Conference's host last week, hence could not in decency be flayed. Solemnly His Majesty's Government gave its word last year "not to encourage any extension of the area sown," then went blithely ahead paying subsidies to wheat growers in Great Britain with the result that the Kingdom's acreage...
According to the Major, President Roosevelt's monetary attack is divided into three phases: 1) threat of inflation, which gave a mighty fillip to business last year; 2) credit inflation, which is just getting under way; 3) printing presses, which may never be used at all. Major Angas pins his faith on credit inflation. He argues that devaluation of the dollar broadened the gold base for credit 75%, which would theoretically permit a more towering credit structure than that...
...Plat Eye and "Sonny" Whitney's Today. The meet will close on Sept. 1 with the famed Saratoga Cup, for 3-year-olds and up, in which Cavalcade may be well enough to run. Mr. Whitney's 6-year-old Equipoise, who has earnings of $333,960 to his credit, is eligible for the race but will be pointed instead for the $100,000 race to be run at Santa Anita Park in California next winter...
Shortly after Parliament adjourned last week President Runciman's efforts to stimulate Anglo-German trade received a sharp setback. A Lancashire textile delegation sent to Berlin under Sir George Holden with the cooperation of the Board of Trade reported most adversely on German credit. Promptly in Manchester the Empire's leading cotton spinners announced that they will sell no more yarn to Germany, that as a result they must throw out of work at least 10.000 skilled spinning operatives in Lancashire, 40,000 other Britons, directly or indirectly employed in cotton milling...
...bookmakers dropped some $50,000. Col. Edward Riley Bradley, who had 30 horses in his Saratoga string, got up at 4 a.m., went out to the track with "Bet Mosie," his personal betting commissioner, to clock workouts. Before the week was over, Col. Bradley had four winners to his credit...