Word: guildered
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Investors could buy the new shares only in Holland and at the official rate of 38? to the guilder, more than three times the free market rate in New York. They could either sell their options in the U.S.-at a huge discount caused by the Dutch regulations; or in Holland, where the proceeds would be frozen. The Dutch blandly said they were only trying to prevent a dollar drain...
Holland's 160,000 Jews (less than 2% of the population) are highly regarded. When Jews in one city were charged with harboring British agents and assessed a 50,000-guilder fine to be paid within six hours, the sum was raised in time by Christians who handed the money over to the local rabbi, while in five Protestant churches in Amsterdam protests were openly uttered. When a Jewish professor was forced out of the University of Delft (Dutch M. I. T.) the students struck. Nazis closed the university the next day. Said an alumnus...
Amsterdam became an international banking centre challenging in importance the City of London and the Paris Bourse. It houses such famous institutions as the Amsterdamsche Bank n. v., the Nederlandsche Handel-Maatschappy n. v., Mendelssohn & Co. (now defunct), whose proprietors will turn a guilder almost anywhere they can find one. They are still sorry that Spain's Dictator Franco turned down their offer to bank him last spring. After Adolf Hitler came to power, Amsterdam became a concentration camp for refugee money. The city's grain market is one of the biggest in Europe; its stock-market...
...might be an economic burden to Germany. It is dependent upon imports for 30% of its foodstuffs. Germany can scarcely feed its own people. Most important, Dutch bankers finance with generous credits the largest part of Germany's raw-material purchases, and this trade would end when the guilder ceased to be the monetary unit of an independent country. Dutch neutrality was of crucial importance to Germany in the World War. Great shipments of materials passed through the Allied blockade -via the neutral Netherlands...
...most of Europe convinced that the fall of Barcelona was not the end of the trouble but perhaps the real beginning, war-scare was doubtless primarily to blame for the break. Brokers reported heavy liquidation from abroad. Acute weakness in foreign dollar issues led bond prices down. The Dutch guilder was weak. And, as always when Europe has the jitters, the heavy flow of gold to the U. S. quickened. In one day last week London arranged to ship...