Word: effect
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Dates: during 1930-1939
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This gruesome ordeal had its effect. That very day Assemblyman Edgar F. Moran introduced in the Legislature an amendment to New York's Constitution to let the Governor share his most harrowing responsibility, by setting up a Board of Pardons. Today 16 States have Pardon Boards. But in most States, Governors, though they may rely on other officials to make factual investigations and recommendations, must exercise the awful power of pardoning and commuting sentences alone...
...effect, the plan was to improve the balance of trade (difference between exports and imports) by reducing imports. Applied in practice for the first time fortnight ago, exchange control appeared virtually to bar all imports from Japan (perhaps in retaliation for Japan's refusal to buy New Zealand wool), and cut other imports from 20% to 80%. British imports were cut least. The policy had the same effect as extremely high tariffs, except that restraining pressure was put on local importers rather than on foreign businesses...
Ickes (on the air): "Freedom is impossible. . . . Did he [Mr. Gannett] tell his readers that he was in hock [to International Paper Co., which once owned stock in Gannett papers in Albany and Ithaca]? ... At Johns Hopkins there has been a very sensational finding resulting from study of the effect of cigaret smoking that has not appeared, so far as I know, in any newspaper in the United States...
...order for a hearing February 14 to determine whether A. G. & E.'s common stock should be delisted from the New York Curb and other stock exchanges. SEC said it believed the company's registration statement to be "false and misleading" in certain particulars which had the effect of substantially overstating assets, etc. A. G. & E. promptly retorted: "It appears that the matters covered by the order relate largely to accounting theory...
Hormel was not the first to guarantee wages or employment. Procter & Gamble has guaranteed 48 weeks of work to some employes since 1923 and the National Association of Manufacturers has listed seven other companies in which similar annual plans were in effect last year.* But the guaranteed-wage idea got its biggest boost when General Motors adopted it last fall (TIME, Nov. 21). Last week it looked as if guaranteeing wages might become a major business trend for 1939† three more concerns jumped aboard the bandwagon and Jay Hormel announced a new scheme...