Word: crediteers
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Dates: during 1930-1939
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...observe that you have done a very interesting and thorough research job in getting together the very interesting sketch that you present this week on Wendell L. Willkie [TIME, July 31]. It is always worthwhile to spotlight men who have done an outstanding job in their field. Too much credit can not be given to Mr. Willkie for leading the way back to sane business-government relations...
With corn at 40?, farmers who had borrowed 57? a bushel on 257,000,000 bu. started to unload about 100,000,000 bu. on Commodity Credit Corp. Hurriedly Secretary Wallace bought steel bins to hold 50,000,000 bu., hoped this would prop up the sorry corn market...
...Farmer Rice and his crude trap-nest goes credit for starting the scientific breeding of hens that has made modern egg production possible. The poultry business is today close to a billion-dollar-a-year industry (fourth after cattle, hogs and dairying in U.S. agriculture's gross income). To Professor Rice, founder (1903) and retired (1934) head of Cornell's first U. S. poultry school, goes credit, too, for fathering poultry breeding as an agricultural science...
These were the spoils of the vanquished and Wendell Willkie deserves most of the credit for winning them. Other businessmen have fought tongue-tied and embarrassed before the Congressional committee, have sued in the courts and taken their licking. In the courts Willkie has taken his beating with the rest, but he has seldom come off second best in sparring before committees or in political debate. Resourceful, informed, more publicly articulate than any big U. S. businessman today, he turned committee hearings into promotion for his own political-economic doctrines. He emerged from his fights bigger in public stature than...
Naming no names, Bank Overseer Crowley let off a blast against the things he believes are responsible for this condition: against the views of Federal Reserve Chairman Marriner Eccles that bank credit and investment policies should be liberalized to suit Administration policy; against banks which have increased dividends (from $187,595,000 in 1934 to $221,904,000 in 1937-38) faster than earnings warranted. In December 1934 when commercial banks' deposits amounted to $38,996,340,000, capital stood at $6,151,567,000. At the end of last year when de posits had increased...