Word: gresham
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...would like it the other way. but a majority want the town to be clean. We know we can't be an average town with average people doing average things. We have to be outstanding people doing outstanding things to overcome our past." Adds Finance Commissioner James Gresham, 39: "The amazing thing about the folks of Phenix City is that they all want something a little bit better. You know, progress can be just as contagious as corruption...
...Guests stay at the Ritz in Paris, but according to one observer, too many of the wrong people began to follow the right people there, so the right people had to start going to the Plaza-Athenee, the Lancaster and the Meurice. According to the same kind of Gresham's law, resorts, and even countries, suddenly...
...Presbyterians during the 19th century, but was nearly torn asunder by a 20th century battle between moderate and ultraconservative theologians. During the '20s, faculty moderates wished to give a hearing to theologians who were not bound to a literal interpretation of the Bible; conservatives, led by Dr. J. Gresham Machen, argued that such deviationist views should not be allowed on campus. Separate services were held by the rival faculty factions, which fought for the allegiance of the student body. Eventually, the Presbyterian General Assembly had to step in to resolve the quarrel, and in 1929, many of the conservatives...
...Communist practice with an idea of the rule of law, half rediscovered"). But more and more his promises have given way to renewed repression, not only because Moscow and its Polish followers want it that way, but because Gomulka has discovered that a little liberty is a dangerous thing: "Gresham's Law is not true of political coinage - for the customs of a free society, wherever the Poles introduced them, began forthwith to drive Communist methods out . . . Where democratization inside the party was permitted, the organizations speedily fell apart...
...still at it in the fall of 1926, when he let a college boxer test his vaunted toughness by punching him in the belly. Less than ten days later, Harry Houdini, 52, was dead of a ruptured appendix. His grave, in Brooklyn's Machpelah cemetery, writes Gresham, is marked by a marble bust of the great escapist. "It is an elaborate tribute. He designed it himself...