Word: crediteer
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Dates: during 1930-1939
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...very serious overloading of laboratory work in the science courses and the absence of credit for this work were discussed in these columns last November and two remedies were suggested. The proposal that laboratory work be reduced to the amount stated in the catalogue has been declared flatly impossible by the science departments who have continued to treat the situation as an unfortunate but unavoidable evil. The second suggestion, that of adjusting course credits so that this extra work would receive due reward is the only remaining solution and merits the immediate attention of the authorities...
...Thomas. The two factions in the Cabinet split wide on Fascist Sir Oswald Mosley's plan to break unemployment by huge public works plans. Old George was for it; the Three against it. They split wider on unemployment insurance payments. Snowden, speaking of "treasury difficulties and impaired credit," favored increasing the premiums or reducing the benefits. Old George wanted neither. He told Snowden: "I never have been able to understand treasury economics. ... I can't see that ?20 taken from a rich man and given to 20 poor men means a loss of business. . . . Let's call...
This does not mean that every proposal to expand business projects or that every existing business will get credit. It does mean that capital will be advanced to those businesses which can show by a record of their past operations and an analysis of their current progress that they can earn enough every ninety days or six months to curtail their notes so that over a year or three or five years, as the case may be, the notes can be repaid...
...other words, self-liquidating loans, which hitherto have been by banking practice limited to ninety days with a renewal or two, dependent or conditions at each renewal date, will be supplanted by longer term commitments on credit at perhaps a higher interest rate than would be charged for short time accommodations...
...idea of keeping control of this new form of credit in the Federal Reserve System where it belongs has been accepted by the Administration. Conferences between the Governor of the Federal Reserve Board, the chairman of the Reconstruction Finance Corporation and the Secretary of the Treasury are moving along satisfactorily...