Word: golde
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Dates: during 1930-1939
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...Extension of the President's power to reset the gold content of the dollar as low as 50% of its old value (present value 59?). The Administration has not used this power, has no present plans for using it except in some emergency if the pound sterling and the franc should collapse. The Senate proposed to let this power (a threat of inflation) expire-in effect, to take it back into the hands of Congress until it is again needed...
...allies of an opposite stripe -a band of eleven Senators led by Oklahoma's silver-haired Thomas and Nevada's roseate McCarran, who advanced an inflation plan calling for $2,000,000,000 of new paper currency to be backed by the Treasury's idle gold. Idaho's Borah and Nevada's Pittman joined them in demanding, further, that the price now paid for silver by the Treasury (64.64? per oz.) be raised much higher above the market price (40¾?). For four long days last week they tied up other legislation while they "explained...
Among the 22 early birds: Benjamin ("Sell 'em Ben") Smith, demon speculator in oil, gold, airplanes; rich Long Island widow Clara Adams, inveterate first tripper who is trying to round the world in 16 days (for passage on the Graf Zeppelin in 1928 she paid $3,000); Mrs. Elizabeth Stettinius Trippe, wife of Pan American President Juan Terry Trippe; Captain Torkild Rieber, Board Chairman of Texas Corp.; United States Lines President John M. Franklin; Investment Banker Harold Leonard Stuart; a lawyer from Allentown, Pa., named Julius Rapoport; San Francisco Shipowner Roger Lapham, whose American Hawaiian Steamship...
Good Girls Go to Paris (Columbia), before the Hays office gave it a brush-off, had a Too in its title. As it stands, Paris is just a naughty notion in the head of a waitress named Jenny Swanson (Joan Blondell), who has big gold-digging ideas but not the true killer instinct. Jenny ends up as a sort of middle-aged Shirley Temple, patching up a flock of romantic tatters, curing rich old Olaf Brand's gouty hypochondria with extra blankets and aquavit, reminding him: "Swedes need to sweat." Nearest Jenny ever gets to Paris high life...
...London, favors the theory that concessions to Hitler will bring Dr. Schacht and his orthodox economics back to Berlin. It has a highly lucrative and increasingly important sideline in helping frightened European capitalists put their money into good safe American dollars. On the receiving end of this flood of gold from Europe is Lazard Freres of Manhattan, not entirely Aryan, not a Wall Street insider, still correspondent (but no longer a partner) of the highly political London and Paris Lazard banks. Lazard's of Manhattan underwrites securities and, above all, does a big business in foreign exchange. Invaluable...