Word: equalization
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Dates: during 1920-1929
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...certain export markets have made it necessary to "carry" many borrowers for more or less extended periods--a process not yet completed. Moreover since this was accomplished largely with the aid of the federal reserve banks, the extrication of these borrowers from their difficulties does not release an equal amount of funds for other uses; it merely enables the member banks to reduce their liabilities to the reserve banks. And finally, the growing realization that we shall have to draw heavily on our credit resources in restoring our foreign trade introduces a factor not present in previous periods of business...
...reparation of damage done by the German armies in the invaded territory is now due and France is the creditor. Germany, her territory practically untouched by the war, is attempting to evade the penalty of her acts in characteristic fashion. Her economic condition, she claims, is not equal to the sum demanded; her debts are too large; she cannot pay: and because Germans are very clever at specious arguing many are won to the belief that the amount specified is really too large. A careful examination of the facts in the case, however, proves the German statements to be false...
...past, with their comic glees and their tinkling mandolins. The Harvard club sang a most taxing program, running from unaccompanied music of the early Roman Church down through the best music of the Romanticists and the moderns. The singing of the club was a revelation in male chorus work--equal, in fact, to any male chorus singing by amateurs that the writer has ever heard. What is more, the approval of the audience for the singing of the club was almost ecstatic. One Princetonian declared afterwards to Dr. Archibald T. Davison, director of the club: "Well, the glee club championship...
...great majority of colleges which have R. O. T. C. Units. In fact there are only five other Field Artillery R. O. T. C. Units in which the training is entirely elective. Here, the courses have been developed upon a scholastic basis that makes them fully the equal of other courses in the University, and, as is quite right, the College authorities have granted full academic credit to the student taking the Military Science work. The work here at the University is progressing very well, and compares favorably with that at Yale and Princeton. The unit needs more students, however...
Constant and justified criticism is discoed at the enlargement of our diplomatic service. Not only is its personnel inadequate, but in many instances it is inefficient. Our representatives abroad are not equal to the tasks which confront them; appropriations for this branch of the government are wholly insufficient, so that its business cannot be properly conducted, the Consul-General bears the brunt of the hard work, and salaries are so meagre as to make individual support by the secretaries themselves a necessity. A contrast with the extensive provisions of foreign nations for their diplomatic delegates serves to lace the United...