Word: customs
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...bankers, if they are to finance huge private enterprises, will have to make up their minds sooner or later to accept interest on a permanent debt, which Mr. Insull could have paid, and to give up their custom of demanding the principal of that debt at a time when Mr. Insull or no one else can pay it. The effort to put teeth into their demand has the predictable result: enterprises which they do not know how to manage are dumped into their hands. This has happened, in its most concentrated form, to the most concentrated of our financial operators...
...went the case of five U. S. citizens, one a woman, who were jailed in Palma, Mallorca, last June for hitting and insulting a member of Spain's crack police, the Guardia Civil (TIME, July 24). All five had been acquitted last October by a military court. But custom required a military auditor to review and confirm such a verdict. It happened that the auditor was a monarchist and not above embarrassing the Republican government's diplomatic relations with the U. S. He appealed the case to the Supreme Court, irascibly demanding jail sentences of six months...
...worth of U. S. property exempt from taxation, nearly one quarter is owned by churches. Custom has sanctified this exemption, which stems from the time when Church and State were one. When they separated (Massachusetts had a State-supported Church until 1833), it was assumed that church property was devoted to public good. But currently more and more churchmen are beginning to question.their right to accept what amounts to a State subsidy for 210,924 U. S. church buildings...
...TIME departed from its established and promised custom of limiting its size to 80 pages? This week's issue (Jan. 8) contains 68 numbered pages in addition to 20 pages of color advertising, mostly automotive. I have seen no announcement regarding a change in your policy of confining your publication to 80 pages...
First, recognition of the fact that in most countries gold coin has been effectively withdrawn from circulation and monetary gold has been concentrated very largely in the vaults of central banks. With this there has developed a custom of using gold bullion instead of coin to redeem the notes of central banks...