Word: feds
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Dates: during 1920-1929
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Federal Reserve. Last February the Federal Reserve Board harassed the market by convening every Thursday to discuss a raise in the rediscount rate, then reporting "no announcement.'' It formally announced that "when it [the board] finds that conditions . . . obstruct Fed eral Reserve Banks in . . . so managing credit facilities as to accommodate commerce and business, it is its duty . . . to take measures to correct them; which, in the immediate situation means to restrain the use of Federal Reserve credit facilities in aid of the growth of speculative credit." For months no more was heard. Brokers and speculators forgot. Last week when...
...against the size of the Army (118,750 men, 12,000 officers) but against its overhead was the President's complaint leveled. Army officers were ready with explanations: the U. S. soldier is better paid, better fed, better housed, better equipped than the soldier of any other nation. Surplus war supplies are running low, necessitating fresh purchases. Continuing programs for aviation and housing add to Army cost...
...South Manchuria Railway which cuts north from the great Japanese port of Dairen to Changchun, where it connects with the C. E. R. Ingeniously wangled from Russia after the Russo-Japanese War, the S. M. R. is today worth $220,000,000, keeps the Japanese Colony of Korea fed with Manchurian wheat and soya beans. Its 700 miles of track are guarded by 20,000 soldiers against just such an attack as last week befell...
...produce "talkies" with the Ziegfeld tang and glamor, the Goldwyn experience. Said Mr. Ziegfeld: "I am going to do for the screen what I have done for the stage." Of the stage he said: "There is too much dirt and nakedness in revues nowadays, and the public is about fed up on them. . . . The sketches now used as black-outs? are the sort that in pre-Prohibition days found their origin in barrooms, and I consider it a disgrace to be associated with a revue producer at the present time. Unless the Follies can be distinguished from the current conception...
...Edwards' Newsboy Sextet. That year, "incorrigible," "stupid," he quit school. Soon he was touring with a "gel," applauded by a few and egged by many as he hoofed and sang. As his voice grew deeper, his singing grew worse. After being laid off, in Durham. N. C., he fed chickens on a boxcar to get back to Manhattan. During the War he was Sailor Winchell...