Word: debts
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Dates: during 1920-1929
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...establishment of the Harvard Fund fills a long felt need of the alumni body, in that it enables all to contribute something towards a debt which most of us feel we owe the University. Heretofore, many who would have liked to contribute have been deterred by embarrassment, on account of the smallness of the amount they could afford to give...
Banker Speyer in continuing his tribute mentioned two items of "indispensable assistance": Mr. Mellon's reduction and reform of income taxes, and the foreign debt settlements. In these matters, the aid Mr. Mellon had had from others and his backing by two presidents, were recognized. Had Banker Speyer thought of it, had the occasion been more appropriate, he might have mentioned another service, of considerable dimensions though of a less tangible nature, that Secretary Mellon has performed in the five years that have elapsed since he left his Pittsburgh home to occupy a spacious and luxurious apartment in Washington...
...rather a fine figure -that is Senator Jim Reed, a Democrat. He is dissociated from his Democratic colleagues but he has put up a fine fight on nearly every issue that has come before this Congress. He poured forth fire and brimstone on the World Court, on the Debt settlements. He is one of the fiercest attackers of prohibition. You see that map with the big weather-worn face? That is Mr. Borah. He is our finest orator. The galleries are always full when he is going to speak. He belongs to the other party but his stand on foreign...
...most significant financial incident last week was the quiet withdrawal of the $100,000,000 bankers' loan to Italy. J. P. Morgan & Co. last fall headed a syndicate of 1,000 banks to float this loan, which was made immediately upon the arrangement of the Italian debt settlement. Enthusiasts oversubscribed the bonds at 94%, but their subsequent sale has been most lethargic. Last week the bankers withdrew their support, and the quotations dropped at once to around 89 with very little turnover...
...rediscount rate from 4% to 3½%. Although this made money easier for speculation, the stock market kept fairly level during the past week. The fact is, some Manhattan money is passing to the interior states, while considerable is going into foreign investments. The final settlement of the French debt (see NATIONAL AFFAIRS) presages the floating of a large French loan here, the proceeds of which might be used to stabilize the franc and perhaps restore it to a gold basis...