Word: golds
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Dates: during 1920-1929
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...TIME, Sept. 13, 1926 et seq.). Admission that this policy is impracticable was shrewdly avoided by Il Duce up to last week, when he found a way to mask failure behind a dazzling cabinet decree. This document, issued with a triumphal flourish, establishes the lira on a gold basis? not, however, at par (five lira to the dollar), but at 19 to the dollar, the new ratio being slightly lower than the ordinary quotation of the lira on international exchange in recent weeks...
Having aimed at a par of five and made a bogey 19, Signer Mussolini alibied: "Further revalorization would be possible but undesirable. . . . The level of revalorization already reached. . . . is most satisfactory. ... It corresponds to the gold index of world prices and represents the point where all interests of the State and of individuals find a fair equilibrium...
There exist ample $5, $10 and $20 gold pieces. But a $2.50 piece appears just as big to a Christmas recipient. So depositors clamor for the smaller coins. This year the Treasury minted 388,000 of them and distributed them among the 12 Federal Reserve Banks. And not even at the request of many bankers would it mint more. In the New York Federal Bank district, members last week could only get ten $2.50 gold pieces each. Bonuses. Banks and investment houses are notorious for the low salaries they pay their clerks. Handsomest presents reported last week were First National...
...Gold Pieces. Christmas week, and again not enough $2.50 gold pieces to pass around for presents! Bank tellers apologized to their depositors. What could they do? The National Association of Mutual Savings Banks had sent a letter to Secretary Mellon personally, demanding $2.50 gold pieces for Christmas. He had not complied. Did you want to see a copy of that letter...
Through the bronze window tellers slid printed sheets: "Whereas, the distribution of $2.50 gold pieces by savings banks as well as commercial banks during the past few years has been a constant cause of irritation to banks and to the public...