Word: flights
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Dates: during 1930-1939
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...Cocos Island rose some 2,000 ft. over his head, while all around the island's steep 13-mile perimeter the Pacific lathered its boiling white waves. Offshore the President could see porpoise sporting glossily. Shark fins cut through the tropical waters like grey scimitars. And a flight of boatswain birds chattered about his head as he laid aside his pith helmet, sat down under a palm tree to share Boston baked beans and brown bread with a parcel of real treasure hunters, to talk of plunder, cities sieged and pirate gold...
...characterized by unprecedentedly low money rates and by the greatest surplus reserves ever recorded. . . . Given a sufficient degree of confidence, or perhaps of desperation, or even of reckless boredom over the prolonged idleness of money, a situation could develop which would threaten the gravest consequences through an upward flight of security prices...
This august candor, of course, quickened the war-scared flight of hoarded gold from London to Manhattan, despite the fact that on arrival it had to be converted into Roosevelt Dollars, with little assurance of possible reconversion into gold and shipment back to Europe later (TIME, Oct. 7). Well might so mad a state of affairs make the Governor of the Bank of England howl, but the Chancellor of Britain's Exchequer is icy Neville Chamberlain, and last week this hook-nosed paragon of Conservatism favored the same London banquet with his stiff upper...
...Milton and Homer could have written three or four more epics apiece, and Alexander and Napoleon could have conquered all existing worlds and still have had time to lay plans for expeditions to conquer Mars. But the authorities of the richest university in the country must economise on a flight of stairs...
Last week as another great inflow of gold reached the proportions of a flight to the dollar, U. S. bankers became acutely conscious of that old thumb rule for figuring the nation's credit base. In the past month more than $200,000,000 of the yellow metal has been shipped or is awaiting shipment to the U. S. Most of it was disgorged by hoarders, frightened by the European war buzz. Since all gold landed in the U. S. must be sold to the Treasury, timorous capitalists apparently preferred Roosevelt paper dollars in a U. S. bank...