Word: crediters
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Dates: during 1940-1949
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...Petard. If the Republicans needed any more petards to hoist Harry Truman, they had one in ex-Federal Reserve Chairman Marriner Eccles. He agreed that the Administration's plan for increasing bank reserves was one way to check inflationary credit. It was a scheme which he had suggested himself last fall and which the President had then ignored. As for the rest of the President's program, such proposals as the long-range housing program would only force inflationary pressures even higher. Said Eccles: "It's like try ing to fill up the bathtub with the stopper...
...real test of how devaluation will serve Mexico is whether the government is now able to take the next difficult steps that are required, i.e., balance its budget, tighten credit, soak up idle money by higher taxes. If the government can do this, a new and sounder peso-at perhaps six or seven to the dollar-may be established. If so, Mexico may be one of the first Latin American nations to wring the water out of its economy and get down to sound living...
...champion." Pursell was Patton's idol. When the coach suggested that Mel not dance ("It takes the tone out of your legs"), Mel didn't. He forsook swimming and lolling on the beach because Pursell advised him to. Pursell, no man to grab credit, told Patton that everything he knew about track he learned from Dean Cromwell...
...particular orders), and the only one subsidized by an annual hat-passing in every U.S. diocese (1947 take: more than $800,000). The' Pope authorized this collection in 1910 after a C.U. treasurer, a good Catholic but a bad businessman, jeopardized the university's credit in bad investments...
High Ceiling. Real estate mortgages hit a record high of $33 billion, so the Federal Reserve Board thought it was time to tighten credit. It warned that an increase in mortgages would tend to raise house prices (already up 13% over last year) without bringing new building, which is limited by material shortages...