Word: debts
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Dates: during 1930-1939
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...English language owes a debt of incalculable size to Buncombe County, N. C. for a fine eight-letter noun that aptly identifies certain types of insincerity. The U. S. Senate owes a debt of questionable size to the same county for Senator Robert Rice (''Roarin' Bob") Reynolds. Last week Washington newshawks had fun with an incident that concerned Bob Reynolds and somehow seemed to recall the name of the county of his birth...
John L. Lewis' crude presentation of his campaign I. O. U. to Franklin Roosevelt last fortnight, his demand that the President now repay his political debt to Mr. Lewis by joining him in his war on General Motors (TIME, Feb. 1), put the New Deal in a highly uncomfortable position. By forcing the President to hand the C. I. O. chieftain a veiled but unmistakable rebuke, it left the New Deal appearing to side, against 3,500,000 friends, with those onetime pillars of the Liberty League, Alfred P. Sloan Jr. and the du Ponts...
...face up in her sticky hands and went on reading dreamingly: "In 451 A.D. King Theodoric united his forces with the Romans and defeated Atilla at the Battle of Chalons, thus saving France from the rule of the Huns. For this deed alone European civilization owes a great debt to the brave leader of the Visigoths. The Bessemer process, for making steel without carbon was invented by Henry Bessemer in 1855, and is one of the chief factors behind the industrial revolution of the nineteenth century...
...Roosevelt does anything to curb the flow of foreign investment, he may make some informal agreement with Europe whereby some of the European earnings from investment here will be applied to settle the war-debt account. At present European governments, for various purposes, are anxious to tap the abundant reserves of American capital and seek new loans from Washington and Wall Street...
...profits up a lot. Recoveries from bad assets continued to mount. Demand for business loans was increasing but interest rates were still discouragingly low. Government bonds were still by far the largest asset item. Commercial banks at the year end held no less than 60% of the total national debt. Over bulging bond portfolios, over record bond prices, the bankers were a little jittery, fearing the inevitable upward turn in interest rates which will end the great est bull bond market in U. S. history (TIME, June...