Word: drainings
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...critics of a general staff system, still led by the Navy and including many a Congressman, can be expected to put up a fight against any such change however labeled. Main lines of their argument: a general staff might 1) drain the separate services of esprit de corps, 2) commit the U.S. to a single, inflexible strategic course that might prove disastrous, and 3) concentrate military power to the extent that a Chief of General Staff could become a man on horseback, riding rough shod over democratic institutions...
...throes of a crisis. Dollar reserves are down 30% since January, and President Garcia has called on Filipinos to "retrench," asked the U.S. for a $100 million loan. Fortnight ago he sharply restricted imports and dollar credits, announced a new austerity program designed to stop the drain on foreign exchange and boost local production...
MONETARY CRISIS in Philippines will pinch Americans doing business there. To stop drain on dollar reserves, now at alltime low of $145 million, Philippine government has told U.S. subsidiaries that they may not send their dollar profits back home. And to check big imports, Manila now demands that local businessmen deposit 50% to 200% of value of their imports in advance...
...candidates. Competitions in those days were grueling affairs, and Roosevelt had committed himself heavily to journalism for the remainder of the year. W.R. Bowie, managing editor of the paper when F.D.R. was president, wrote in the 1904 Harvard Yearbook this description of a competition: "The task was heavy, the drain on the candidate's thought and time exhausting. The candidate was everywhere; he was 'the arrow that flieth by day, and the pestilence that walketh in darkness...
...could find a buyer for his Morse holdings, even if the court permitted him to sell, because the buyer would also be purchasing a lawsuit. But if Morse could persuade the court to make Silberstein stop buying, then the price of Morse stock might well continue to fall and drain Silberstein of cash until he is forced to settle on Morse's terms...