Word: crediting
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Dates: during 1920-1929
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...Broadway, Manhattan, In the offices of Elbert H. Gary, Chairman of the U. S. Steel Corporation. Among their distinguished numbers were Richard Washburn Child, onetime (1921-24) Ambassador to Italy; George W. Wickersham, onetime (1909-13) U. S. Attorney General; W. H. Pouch, President of the National Association of Credit Men; William E. Knox, President of the American Bankers' Association; C. K. Woodbridge, President of the Associated Advertising Clubs of the World; Governor Silzer of New Jersey; Judge Ewing Cockrell of Missouri, one of the organizers of the Missouri Crime Survey and son of the late Senator Francis M. Cockrell...
Concluding, he said: "If instead of restoring the gold standard we had regulated credit with exclusive regard to industry without troubling at all about foreign exchanges, we could no doubt have kept our export trade continuously booming at a loss until one exchange crisis after another had so undermined our international credit as to send the pound in the same direction in which the old German mark has gone...
Experts accompanying the delegation were: J. B. Vincent, administrator of the Treasury; J. Warland, director of the public debt; René van Crombrugge, diplomat; André Terlinden, dlrecteur de la Sociôté National de Credit a I'lndustrie; Robert Silvercruys, secretary-general to the delegation...
...consensus of opinion that the stockmarket should give the first warning signal of coming deflation, and that the key to the stockmarket lies in the money market. But the money situation is still unique in U. S. history; its unused resources of credit are still so great that it is as important to determine what Federal Reserve officials think of things as to juggle with endless statistics. At present glance, it seems likely that the top of the bond market has been reached, and that money rates will firm slightly this fall...
...Brazilian Government has not hesitated to use its own credit to help its coffee growers. In 1922 a loan of ?9,000,000 was floated in London to hold off the market 4,535,000 bags of coffee. The British drink tea, not coffee, and so were indifferent to the purposes to which the loan funds were to be put. But curiously enough, a considerable pro portion of this 7½% coffee loan was sold in the U. S., the greatest coffee-consuming nation in the world. U. S. investors consequently helped to supply the funds needed...