Word: crediters
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Dates: during 1940-1949
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...party to holding up the economic recovery of Europe by the finesse of procedure, or terms of reference, or all the paraphernalia which may go with it." Bevin added that he as Foreign Secretary of Britain had been helpless because he had "neither coal nor goods nor credit." The immediate problems of Europe were "food, coal, transport, houses, opportunities for people to have a decent life...
...legman was not Woltman, though the signature on the story was his, and the credit belonged mostly to him. Freddy Woltman gets most of the stories he writes by sitting at his desk in the city room. Other reporters usually develop the tips. A carefully cultivated army of tipsters, many of them disgruntled ex-Communists, keep his two phones humming all day long. Woltman checks the tips in a four-decker steel filing case, which bulges with clippings, speeches, articles, manifestoes, bulletins and letters from Communist sources, files of Woltman's "favorite morning newspaper": the Daily Worker. His steel...
Dollars will have to be applied at strategic points overseas, he went on, noting that credit should not be extended to countries which discriminate against American political and economic interests such as Hungary...
There is over $4½ billion of installment credit on the books now. If the lid is taken off, said he, the amount may easily reach "$17 billion by 1950." Families would go heavily into debt, he predicted, for goods that are not only highly priced but of inferior quality. A depression would cause so many defaults that the whole economy would be dragged further down, in much the way the top-heavy credit structure helped drag it down...
...only people who are against credit control, said Eccles, are "the people who sell credit-the banks and the loan companies." Eccles said that in a poll of automobile dealers-usually considered the main beneficiaries of the installment system-only 51% voted for decontrol, 48% favored consumer credit legislation. Despite his plea, observers saw only one chance in five that Congress would make credit control permanent...