Word: earning
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Dates: during 1930-1939
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...half years Federal Deposit Insurance Corp. has guaranteed U. S. bank depositors against loss on deposits up to $5,000. Meanwhile, deposits of commercial banks have increased from $39,562,000,000 to $51,355,000,000 and U. S. bankers have sweated trying to make the billions earn money. Stagnant business and stagnant real estate have reduced the wage that a banker's dollars can earn. To keep them from becoming unemployed he has had to hire more & more of them to the Government. Today all banks have 30% of their total deposits on "relief"-hired...
Certainly no new capital is now going willingly into the banking business, which can hardly earn a living at present interest rates. Chairman Crowley proposed to prepare against future crises by boosting its rate of assessment against insured bank deposits. This would of course further reduce bank earnings, further reduce the chances of getting any new capital into the banking business...
...four years ago, friends of union labor saw to it that union hourly wage scales, as prevailing in different sections of the U. S., were provided for skilled workmen. Thus, if union carpenters were getting $1.75 an hour in private employment, carpenters working for WPA got $1.75. Result: to earn the maximum monthly wage of $92.89 allotted to them, they need work only 53 hours a month. The unions' interest in thus preventing Unemployment from breaking the market for their labor was only natural. But WPA's prevailing-wage provision had other effects. Testifying to Congress prior...
...Skilled workers, having earned their Federal money in a few hours, could secretly work and earn elsewhere during the month (at any wage levels they chose). This aroused jealousy, criticism...
...found it too big to go through the exit of his tiny shop. So, vowing he was through with locomotives, he cut a hole in the wall. But "Old Ironsides" surprised him, hit 28 miles an hour on the six-mile Philadelphia-Germantown run. That was fast enough to earn immortality as a locomotive pioneer. For Old Ironsides the end came in 1857 when a Vermont landslide mummified...