Word: credititis
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Dates: during 1920-1929
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Seemingly, this single exposure toppled a whole house of frauds, painstakingly erected by M. Le Senateur Klotz. He was found to have purchased jewelry, clothing and a motor car on credit, then sold them for spot cash to meet gambling losses. All last week the music halls of Paris rang with mirth and "Klotz. . . . Klotz. . . . KLOTZ...
...recalled that as Finance Minister M. Klotz started the slogan: "The Bosches will pay!" That was supposed to justify the War expenditures of France, however staggering. Also, at the close of the War, Finance Minister Klotz signed a paper which enabled him to buy from the U. S.-on credit-the $400,000,000 surplus war supplies of the A. E. F. in France. Promptly M. Klotz sold this credit-bought goods for cash. They brought so little that ever since France has been repenting his bargain. Today one of the chief perplexities of Prime Minister Raymond Poincare...
...credit of the Freshmen, however, 11 more can swim, 60 less wear glasses, and 10 are color-blind, as compared to 14 Sophomores...
...financial world, the outstanding 1928 developments reviewed by Mr. Mellon were 1) the movement of 500 millions in gold out of the U. S.;* 2) the consequent extension of credit by the Federal Reserve system; 3) the increase of speculation by "powerful groups" and the general public, which "believed and acted as if the price of securities would indefinitely advance"; 4) the reversal of Federal Reserve policy, sending money rates aloft...
...with unfair methods of securing filling station distribution. It says that the wholesaler should not lease pumps, tanks or other equipment; should not pay the retailer's rent, put up his buildings, lease him land at nominal rentals, or loan him money. He shall not give the retailer credit concessions or rebates. In brief, the wholesaler is forbidden to make with the retailer any arrangement by which this wholesaler may put himself on a different footing from any of his competitors...