Word: demand
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Dates: during 1930-1939
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More than ordinarily grateful for this money was New Jersey. For the first time in 50 years the State faced a deficit, $13,000,000. Persistently loud has been the demand for additional taxes for Relief (TIME, May 4). Equally loud has been the Legislature's reluctance to legislate a tax bill. That the Dorrance largess, one-fourth of which was interest on the original amount due, was a beautifully-timed blessing seemed apparent to everyone but State Senator Charles E. Loizeaux. Snapped he: "This is just staving off the evil day. . . . Next year there...
...many trailer manufacturers there are. Estimates range from 300 to 2,000. Among the numerous small shops turning out trailers one at a time, there are a handful of real factories manufacturing them in volume on assembly lines. All are working at top speed, unable to meet the demand. Since 1933 demand for trailers has at least trebled every year. Last year there were some 250,000 on U. S. highways. Last week Covered Wagon Co. of Mt. Clemens, Mich., largest manufacturer in the business, doubled the size of its paint shop to keep pace with a production schedule...
...Cathrine Curtis, a tall, grey-haired onetime radio commentator. Wearing a tan costume and a roughrider hat, Director Curtis keynoted: "Have we been blinded by demagogs? Have we been lulled to a state of catalepsy by political pap, or have we been too lazy to assert and demand our sovereign rights? . . . Capitalism is not a devouring monster, and all the bitter denunciations emanating from ignorant and prejudiced sources cannot alter the fact that America owes her supremacy in world affairs to capitalism. . . . Woman, of course, through her great ownership of insurance, trust funds, stocks, savings bank accounts, homes...
What has kept bonds booming ever since has been progressively lower interest rates. At first interest rates declined because there was less demand from businessmen for money, a normal depression phenomenon. Since the New Deal, however, the Treasury and the Federal Reserve Board, working in close harmony, have borne down on the money market with every available credit control, chiefly those whose manipulation tends to build up big bank reserves. One purpose of this easy money policy was to make private borrowing cheap, the hoary formula for reviving depressed business. So far U. S. businessmen have done little new borrowing...
That the present administration should see fit to let this Graduate School die in the face of such a demand for its product and in view of the unique opportunities Harvard has developed since 1909, even though it is admitted that prosperity is still sulking on the wrong side of the corner, is defensible only on the grounds of absolute inability to scrape up the necessary funds...