Word: gold
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...Leche-Long ticket won, but afterward nobody had time for Earl. The gang rushed to the public trough and swilled up wealth with porcine delight. Leche, a fat and jolly man, built himself a mansion on the exclusive St. Tammany "Gold Coast." George Caldwell, an even fatter man, who was construction supervisor for the burgeoning L.S.U. campus, built an even better one-its bathroom boasted 14-karat gold fixtures. Not to be outdone, Abe Shushan, president of the New Orleans Levee Board, built a mansion...
...Nizam prefers to receive rather than give. To his last birthday party he invited 1,156 Hyderabadis to dinner. Each one paid, according to the established custom, a door fee in gold and silver worth $50. The total take, $57,800, would pay his personal food bill for 395 years. Says his caterer, who was once maitre d'hotel at London's Grosvenor House: "The food he consumes in a day costs less than two bob [40?]." His presents are far from lavish. Last month his British adviser, Sir Walter Monckton, sent Richard Beaumont, a young secretary...
...days the Gimo had pondered, on the cool heights of Kuling, what he might do to save China from deepening disaster. Last week he flew back to sweltering Nanking with his answer-a program of fiscal reform to combat runaway inflation. China would have a new dollar, called the gold yuan, backed by $200 million worth of gold and silver and U.S. dollars. The fantastically depreciated old Chinese dollars must be traded in, at the rate of 12 million old for one new. The government pledged itself not to print more than 2 billion of the new yuans...
Would the government really force privileged big shots to hand over their hoards of gold and U.S. dollars? Would China devise and enforce an efficient tax system? Would the government resist the temptation to pay its bills by grinding out more & more notes on the printing presses? Would it freeze prices and wages...
...first day of the new currency issue, Shanghai merchants jacked prices up 20%. If they got away with that, other price rises would follow and the new currency might become as worthless as the old. Best sign that that would not happen was a flow of gold bars into the government's coffers as hoarders gave them up to purchase the new money...