Word: crediting
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...With the Bank of France's rate at 3�%, the zeal of that institution to acquire and hold gold bullion was regarded in London as distinctly ominous. Was the explanation that France ?on the eve of The Hague Reparations Conference?was amassing a spectacular gold reserve, swelling her credit to proud, unwonted dimensions, and generally preparing to overawe the Conference with a display of her fiscal might...
...case disclosed the working methods of the group who had been making a fortune out of what they termed "the medico-dental racket." They sold forged licenses and diplomas for fraud "doctors" to hang on their office walls at an average price of $2,000. They also supplied college credit credentials to "students...
Federal Reserve. Last February the Federal Reserve Board harassed the market by convening every Thursday to discuss a raise in the rediscount rate, then reporting "no announcement.'' It formally announced that "when it [the board] finds that conditions . . . obstruct Fed eral Reserve Banks in . . . so managing credit facilities as to accommodate commerce and business, it is its duty . . . to take measures to correct them; which, in the immediate situation means to restrain the use of Federal Reserve credit facilities in aid of the growth of speculative credit." For months no more was heard. Brokers and speculators forgot. Last week when...
What the "peculiar conditions" were he did not say. But they obviously included the English situation, easier credit needed for moving the fall crop. Stock Market excesses, high call money rates. For Governor Young to have been explicit would have been untraditional. Because it is impossible to make a complete statement taking into consideration every factor discussed, the Federal Reserve Board makes no explanations, merely presents the simple fact of its decisions...
...Credit for the translation is due Dorothy Thompson, for the drawings to Constantin Aladjalov. The book is dedicated to Sinclair Lewis, "that good American...