Word: crediting
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Dates: during 1920-1929
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...pretty well that a tax cut and bonus are incompatible. Accordingly those legislators who are committed to the bonus can now vote for it with assurance that it will be blocked by a Presidential veto. In short, they can redeem their bonus promises by a vote, and get the credit for an actual tax reduction...
...Cash payment, if the credit is for $50 or less. (Estimated payments of this type...
...While I was staying at Munich, for example, I went to one of the banks to draw some money on my letter of credit. It was the Dresden bank, once one of the most prosperous in Germany. It was located in an enormous building which was a relic of its former prosperity. It had marble floors, and massive columns supporting a high arched roof. For hours I waited my turn at the crowded window. And when finally my turn came, all the money that that great bank was able to allow me amounted to less than two dollars...
...starving. They are also in a state of bankruptcy and economic chaos, while under-nourishment and tuberculosis are doing their work upon children and adults alike. American and European relief work has been nobly forwarded, but it is essential to ship food and clothing and raw material upon credit to Hamburg--and this not by private enterprise only, but as an international undertaking of the first order. Otherwise we may look to see the tragedy of a whole nation...
...German credit accumulations in foreign countries are estimated at $3,000,000,000. It is stated that a billion is deposited in Great Britain, a billion in the U. S. and a third of a billion divided between Holland, Switzerland, Denmark, Norway, Sweden. Part of these sums would have been immediately available for financing a Reich-wide Nationalist Revolution. This also the French General Staff had in mind. The failure of the Ludendorff-Hitler putsch called a halt in French military measures, as the reports from a Germany in convulsion were so contradictory that even the French General Staff, with...