Word: deadlocked
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...profits accrued. Why? Because many banks were hoarding their commercial credit. Why? Because they wanted to be completely liquid to qualify under the new deposit insurance system Jan. 1. Chairman Jones was deluged with advice as to how his R. F. C. could loosen its resources, break the credit deadlock. How to speed the reopening of banks frozen shut since winter was another topic of lively debate. Comptroller O'Connor reported his efforts to date. The President thought much more could be done with aggressive R. F. C. aid, in "hard" money. Secretary Wallace was wide open to suggestions...
...Presidential special standing in Washington's Union Station one evening last week-puffing, impatient to be off with Mr. Roosevelt to Hyde Park- General Johnson in a few hours put across three big deals: wangled codes out of the lumber, steel and oil industries. Thus was a grave deadlock broken, the first major industries (aside from textiles) brought under the code provision of the Recover...
...company's weighmen at the tipple scales. United Mine Wrorkers promptly proceeded to elect their own members as check weighmen. These the mine superintendents of the non-union Frick and Pittsburgh companies refused to recognize, on the ground that their non-union employes were unrepresented. Thus a new deadlock was created and NRA's special coal arbitration board headed by General Electric's Gerard Swope had its first "grievance" to straighten out. After hearing both sides the board ordered that: 1) election notices were to be posted two days in advance at each mine; 2) the election...
...break the deadlock Attorney General Cummings was asked for a secret ruling which was carried up to President Roosevelt. The President's decision, it was reported, sided with Secretary Wallace against Governor Morgenthau that farm payments should be made regardless of the Act of 1875. Unreckoned was the possible action of Comptroller General McCarl who, legally independent of the Administration, passes on all Government expenditures, interprets Federal laws for himself...
Most important trade code up for a NRA hearing last week was Steel's. Its provision for company unions as a means of collective bargaining between companies and their workers threatened a major deadlock. NRA looked forward fearfully to a knock-down-&-drag-out fight. General Johnson had bluntly hinted to steelmen that they could not qualify the law by such labor clauses. When the hearing opened President Robert Patterson Lament of the Iron & Steel Institute (since leaving Washington as President Hoover's Secretary of Commerce) announced amid great applause that the industry had agreed to knock...