Word: exigente
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One string was tied by Congress to this measure for credit and currency expansion: no bank with a capital of more than $5,000,000 (of which there are 62 in the land) could individually, under the "exceptional and exigent" clause of the law, rediscount at the Federal Reserve Bank...
The Senate bill carried, however, two amendments which threatened dispute. One was that groups of five or more banks could not apply for new Reserve loans until they had used up all their commercial paper now eligible for rediscount. Senator Glass put in that provision because he claimed large banks...
* "In exceptional and exigent circumstances," according to the bill, a single bank without "eligible or acceptable assets" for ordinary rediscounting may apply to the Federal Reserve to save it from failure. Here again the Board in Washington will say yes-or-no.
Few students elect Mathematics 2 unless they are required to do so. The demands of this course upon students are too great to attract the man who wishes to acquire a knowledge of Mathematics as part of a general education. However much he may desire mathematical training, the necessity of...
Dementia Praecox. That extreme condition of dull wits and sluggish brain called dementia praecox (adolescent insanity) affects so many people in the U. S. that all the hospitals of the country could not contain them. Roy Graham Hoskins of Boston counted 140,000 in mental hospitals alone. The need for...