Word: drainings
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Despite this heavy drain, the price of sterling remained steady-which was not surprising since England has lately taken far-reaching steps to bolster her money. First such step came three weeks ago when the British Government transferred at one fell swoop ?350,000,000 in gold from the Bank of England to the British Exchange Equalisation Fund, whose purpose is to control the price of sterling in the world's markets. This left the Bank of England in the weakest position in seven years, with gold holdings of ?223,000,000. At the old parity price...
Richard Strauss: Symphonic Domestica (Philadelphia Orchestra, Eugene Ormandy conducting; Victor: 10 sides). Composer Strauss' at his most realistic, depicts the pleasures, worries and bickerings of his own family circle, manages even to reproduce the gurgle of the drain in the family bathtub. Judged as music pure & simple, it is one of his finest scores, given its first (and a brilliant) recording...
Guerrilla warfare carried on against the invaders by the people, he stated, will be China's defense rather than any organized armies. The Chinese people will resist until Japan is no longer able to carry on the war because of the drain on her treasury...
...academy at an inconsequential little place on the Hudson called West Point "for the practical and theoretical training of young men for the national military service, who, upon satisfactorily completing the four-year course are eligible for commissions as second lieutenants in the United States Army." The Vagabond, lovable drain-trap for unimportant details and evanescent emotions that he is, finds himself vastly impressed by this very ordinary second lieutenant coincidence just now. Napoleon and West Pointers--both young men starting life on the same footing--as second lieutenants...
...over the devalued Dollar Steamship Lines, Inc., Ltd. (TIME, Aug. 29), Chairman Emory S. Land, with the bluntness of an old sea dog, put the blame for the Dollar Lines' unhappy state squarely at the door of its former owners. He snapped: "They adopted every conceivable device to drain the earnings and the working capital from the company as rapidly as possible...