Word: effective
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Dates: during 1920-1929
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...Chairman Legge of how his Board would handle future wheat loans: The Board would advance its funds to the National Farmers Grain Cooperative at 3½% which in turn would farm out in smaller loans to individual cooperatives, adding "a small additional charge," presumably 2% or 3%. In effect the cooperatives would be paying the same rate-6%-as private commission men for cash. Chairman Legge carefully explained that whatever profit the national cooperative made from the additional interest imposed would in the end go back to the local cooperatives as members of the national body. To many a husbandman...
Reminding its readers that J. P. Morgan & Co. will launch the long awaited German Reparations Bonds, soon after the Young Plan comes into effect (TIME, June 10, et seq.), Tageblatt intimated that should Dillon, Read beat their "rivals" to the Stock Exchange with an $100,000,000 German loan, subsequent Morgan pickings from Reparations Bonds might verge upon the loan. According to the "dope" Dr. Schacht was persuaded to obstruct the loan by Seymour Parker Gilbert, whose post as Agent General of Reparations will automatically be abolished when the Young Plan comes into effect. For years Germans have been hearing...
...starches discovered to have no permanent effect in heightening blood sugar content in diabetics...
...effect supporting the private grain commission men, the chamber's agricultural committee declared: "The Chamber advocates cooperative marketing . . . only in so far as they are not discriminatory against other private enterprise. ... It is of vital importance to the preservation of private capital investments in storage and other physical marketing facilities that the duplication of such facilities by use of federal loans be not allowed
Tourists. The U. S. had a favorable trade balance (exports over imports) of more than a billion dollars last year. This asset was liquidated by the spendings abroad of U. S. tourists who, in national economic effect, had a free trip over and back. When the stockmarket crashed, its effect was felt even in Switzerland where resort bookings for U. S. tourists were heavily cancelled, U. S. children withdrawn from Swiss schools...