Word: crediting
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Dates: during 1920-1929
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...They ordered transmitted to all League member states the text of a Finnish proposal to establish a credit of $40,000,000, any portion of which might in case of war be extended under League auspices to any state adjudged "the victim of aggression." Thus instead of possessing an army of soldiers to enforce peace, the League would have "an army of dollars." Finns hope that this ambitious proposal will be adopted when the League Assembly meets next September...
...bankers have frequently been criticised for failure to proclaim in loud tones that stock market inflation is hurting U, S. business by making credit rates high and borrowing expensive. If the Market is on the way to running over a steep cliff into the sea, why have not the bankers endeavored to cast out its speculative devils? One reason, say cynics, is that the brokers are excellent customers...
...Myron C. Taylor was given last week credit for finishing what the late great John Pierpont Morgan began. Mr. "Taylor, brilliant chairman of the finance committee of U. S. Steel, announced that, at their annual meeting on April 15, stockholders would be asked to approve an increase in authorized common stock from some 7,500,000 to 12,500,000, thereby potentially capitalizing the company at $1,250,000,000. From new stock to be issued at terms to be fixed, cash will be received to redeem all the bonds of the parent company. Thus Steel common becomes "as good...
When Byrd returned to Little America, his base, he was meditative. Finally he said: "I have named this land after the best sport and noblest person I know, one who has borne the brunt of all my adventures and to whom the credit belongs for anything I may have accomplished. This new land will be Marie Byrd Land...
Nothing further had come from the Federal Reserve Board except publication of the figures on which its "warning" had been based. These figures showed that in the last twelve months loans to member banks had more than doubled and that Federal Reserve outstanding credit had increased...