Word: greenbacker
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Dates: during 1930-1939
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Your story of the resuscitated Jefferson, Tex. Jimplecute in the March 22 issue may be responsible for giving the eternally lively American language a much-needed new word. From such otherwise meaningless terms, applied to simple and yet characteristically American phenomena, have come such good Americanisms as gerrymander, stogie, greenback, O.K., and boondoggle. They have appeared when need arose for describing a practice or an article not described with sufficient patness by any word of the standard language. Now if Mr. Foster's Jimplecute takes hold and flourishes again, the national tongue may be enriched with a useful word...
...important reason for the Administration's easy money policy was to make Government borrowing cheap. Secretary Morgenthau is raising long-term money for 2¾%. His short-term financing is done at such low cost that it is actually cheaper than it would be to print and distribute greenback currency. Meantime, commercial bankers have had a curious change of heart about Government bonds. Instead of predicting the imminent collapse of Government credit through New Deal spending, they are now buying long-term Treasury issues as fast as they can. Government bonds have been pushed to record highs...
...passed; 2) approximately 20 days of the eight months were spent by the House in calling the roll; 3) the first three months were principally frittered away in a prolonged wrangle over the $4,880,000.000 relief appropriation; 4) the second three months were distinguished by passage of the Greenback Bonus Bill which was vetoed; 5) the seventh month was marked by the passage of the dubious National Labor Relations Act. Most of Senator Robinson's pride sprang from what happened in Congress during the last month when the Social Security Act, the Motor Carriers Act, the Spanish...
...bill slip so easily through the Senate. That promise was an Administration bargain with Senate Bonuseers. Explaining that his sole purpose was to put Majority Leader Robinson on record, Oklahoma's Thomas last week moved to amend the tax bill with what was virtually the greenback Bonus bill. Senator Robinson at once gave his solemn word that the Bonus would get prompt consideration in a separate bill early next session. With that promise in their pockets. Bonuseers could count on the prospect of next year's elections to stampede Congress over the strongest veto President Roosevelt might write...
After the Senate had brushed the Harrison Bill aside the choice between the Vinson ("sound") Bill and the Patman (greenback) Bill had to be made. Before the vote was taken Bennett Clark got to his feet, declared: "All I say is that this is a naked issue between those who favor the authorization by Congress of the full payment of the Bonus and those who favor tying up the proposition . . . with an entirely separate subject [greenbacks]." The inflationists took him at his word. Elmer Thomas, Huey Long and friends who had voted for the Vinson Bill a few minutes before...