Word: crediting
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Dates: during 1920-1929
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...than ever before in its history. It has seen a stream of gold pouring in from abroad. Between 1923 and 1928, the U. S. exported gold worth $500,000,000, but imported $1,000,000,000. Each $1 of gold in a bank reserve means a potential $13 of credit. In four years, the U. S. in this way alone added $6,500,000,000 to its credit resources. It could finance a building boom, a Florida boom, vast instalment selling, new highways, new factories. It had enough credit to support a continuous bull market, with stocks soaring week...
Money was never so easy as last September, when the bull market was in full swing. But in Europe the central banks were in trouble. Helpfully, the Federal Reserve sought to ease up still further on credit in the U. S., with the sound idea that higher interest rates abroad would attract much-needed funds. It ordered the Chicago bank to reduce its rediscount rate from 4 to 3½%. Chicago bankers, led by famed Melvin Alvah Traylor, head of the powerful First National Bank, dissented sharply, voiced grave warnings. Unheeding, the Federal Reserve forced its way, helped Europe weather...
...license, his private plane. But not until last week could he look forward to the prospect of a day at his flying country club. Miss Ruth Rowland Nichols, Junior Leaguer of Rye, N. Y., enthusiastic amateur aviatrix with a non-stop flight from New York to Miami to her credit, shouldered the task of promoting three clubs in New York and New Jersey, forerunners of a nation-wide chain of private and exclusive country clubs devoted to aeronautical sports. Associated with Promoter Nichols are such younger capitalists as William A. Rockefeller, William Hale Harkness, George Pynchon, George Post...
...Haiti, but the present volume is the first authentic, comprehensive history of the island. The past established, Mr. Davis proceeds to sort out the truth from the array of scandal and propaganda that has befogged the present Haitian problem. He stultifies prevalent accusations of graft. He gives America full credit for feats of rehabilitation, agriculture, public health, policing and education, in the face of such stupendous difficulties as 95% illiteracy. But in no uncertain terms he flays American failure to prepare Haitians for the independent self-government which will be theirs, according to treaty...
Married. Evalyn Dun Douglass, granddaughter of Robert Dun Douglass, chairman of the board of trustees of R. G. Dun & Co., Manhattan credit raters and statisticians; to Edward Gardner Prime of Yonkers, N. Y., in Manhattan...