Word: discount
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Dates: during 1930-1939
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...personal charm and persuasiveness by no means wholly explained Mr. Roosevelt's wooing & winning the country. It would be grossly unfair to discount the genuine desire of the average Congressman to be helpful in time of crisis. And where this desire was weak or the Congressman's honest convictions obstructive, President Roosevelt held behind his back the most puissant of political weapons- Patronage, the thousands & thousands of Federal jobs the distribution of which Congressmen may propose, the President dispose...
...election year one must discount the omniverous shadow of the ballot box; and in a depression year, one must discount the tragic little concluding sermon on materialism. To the man who was too busy or too lazy to follow the newspapers in 1932, "The American Scene" will appear trenchant and indispensable. The well informed man will find in it perhaps three hours of pleasant reminiscence and then recommend it for the attention of the neighborhood high school teacher of current events...
...scrip. In New York City it passed as currency for five months, despite its illegality. The great trouble with scrip is the difficulty of transfer from one clearing house district to another between which there is no agreement of confidence. One district's scrip might be at a discount in another district. The Federal Reserve is counted on to facilitate interstate as well as interdistrict exchange but at best scrip is expected to be only a local and temporary relief during the currency shortage...
...Committee found that "markedly greater ease in the financial situation has arisen, largely from the return [to circulation] of hoarded banknotes representing nearly 1,000,000 reichsmarks [$238,000,000]." This greater ease was reflected, the Committee noted, in the Reichsbank's ability to close 1932 with a discount rate of only 4% as against 8% the year before...
...this simple process President Odium was indirectly acquiring the underlying securities at a big discount from their market value. Last week he revealed how well he had bought. While the stock-market as a whole had declined 75%, Atlas common stock in three years had increased 40% in asset value to $7.02 a share. With most of its holdings written down to market and the rest to $1. Atlas' reported total assets...