Word: debts
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Dates: during 1930-1939
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...husband's trick explanation about how the national debt (public plus private) has not grown since...
Recently tall, husky Sampson Nkbinde tried to collect a bad debt from Chief Shembe of the native sect of Nazareth Baptists, who pride themselves on never smoking, never drinking, never getting angry. Chief Shembe would not pay. Then Sampson rose in his wrath and slew four Nazareth Baptists. Still Chief Shembe would not pay. Sampson said, in effect, Pay-or else...
...straightforward Joe Lyons broke with his party and resigned from Australia's Labor Cabinet, when inflation and debt repudiation, which he thought dishonest, were proposed as the way out of Australia's financial crisis. Taunted for betraying his party, he replied that he would rather desert his party than his country. The Labor Cabinet fell, and he became Prime Minister as leader of a Conservative Coalition. Ruthless slashing of expenses, increases in taxes and refunding of the debt at lower interest rates prepared the way for a real recovery from Depression...
...long-term Government-bond speculation, Expert Porter is bullish: ". . . Whatever occurs, holders of Government securities may be confident that the nation's fiscal authorities will guard their interests in the market so long as the Treasury faces a tremendous program of debt refunding." When she is asked about short-term prospects, she quotes the forecast of an anonymous financier: "The stock market, sir, will fluctuate...
...Constitution; first U. S. minister to France. But his name has come down as the "notorious aristocrat" who intrigued with Louis XVI against the French Revolution; who deliberately let his archenemy, Tom Paine, rot in Luxembourg Prison; who speculated in U. S. lands, wheat, tobacco, the public debt...