Word: greenbackism
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...Last and least little party: The National Greenback Party, which advocates going off the gold standard and electing John Zahnd, an amateur horticulturist of Indianapolis, as President of the U. S. For Vice President: James E. Yates, apostle in the Phoenix, Ariz. Church of Christ...
...give a lecture on the evils of money as it is administered today. According to her sister, Mrs. Frederick Sundt, of Seattle, Mrs. Milburn has it in for Montagu Norman and other bankers and thinks that they, as middlemen, should be eliminated. Four years ago Mrs. Milburn joined the Greenback Party, which advocates the withdrawal of all gold and silver certificates, substitution of paper money backed not by bullion but by "faith." She was listed in the The Honest Money Year Book of 1040. This year, when the party decided to put a Presidential candidate in the field, they tapped...
...Said Greenback Candidate Milburn: "The objective of science is being frustrated and defeated in its attainment by our present monetary policy." Said her brother, Charles M. Thomsen of Seattle: "It's a pretty deep subject. I'm a Republican myself." Down from Vancouver, B. C. flew George Milburn, her son, convinced that the time was not ripe for his mother and Greenbackery to sweep the U. S. On second thought last week, the only woman Presidential candidate quit...
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...