Word: crediteer
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Dates: during 1930-1939
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...member of the Roosevelt "Brain-Trust," who a few weeks ago entered on a petty transaction with a small bank near Central Square. The president of the bank sent the customary letter to the professor's regular bankers in Cambridge asking for references and confirmation of the latter's credit. He received the following answer...
...O.M.W. Sprague has been our client for many years and has always had our confidence in his integrity and credit. Mr. Sprague holds the Edmund Cogswell Converse professorship of Banking and Finance at Harvard, and has served as professor of Economics at the Imperial University in Tokyo. In 1930 he went to London where for two years he was Financial Adviser to the Bank of England, and he is now Chief Economic Adviser to the U.S. Treasury. We consider him a reliable client in every way. Sincerely yours...
...also buy or sell gold in the world market. . . . This is a policy and not an expedient. It is not to be used merely to offset a temporary fall in prices. We are thus continuing to move toward a managed currency." This was news indeed, but ambiguous. 5) "Government credit will be maintained and a sound currency will accompany a rise in the American commodity-price level." This was hope, not news. No means had anyone listening to his speech to tell exactly what the President meant by establishing a Government market for gold. Already the Government buys gold...
Norway's political pink elephant is her Labor Party, largest in the Storting (Parliament ) but shackled by massive, bull-necked Premier Johan Ludwig Mowinckel's coalition of small bourgeois parties. Last week Norwegians voted in General Election, gave credit to Major Vidquin Quisling for having changed the Labor elephant's color from Marxist pink to the white of Constitutional monarchy...
...been president of Equitable, became chairman of Chase. Mr. Wiggin retired, aged 64, not broke like some others, but as one who had kept the rewards of his labors, as a very rich man-an achievement which in these days the financial community regards as something of a credit to anyone...