Word: higher
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Dates: during 1910-1919
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...step, "They're Wearing em Higher in Hawaii...
...duty of the highest type, the purchase of a bond represents an excellent investment. The issue is backed by every resource of the Government, and the purchaser is further secured by the fact that a Liberty Bond may be transferred for any bonds authorized in the future bearing a higher rate of interest...
...bonds pay 3 1/2 percent. interest, payable semi-annually June 15 and December 15, and run for 30 years but are redeemable at the option of the government at the end of 15 years. Should bonds of a higher rate of interest be issued prior to the termination of the war with Germany, these 3 1/2 percent. bonds will be convertible into bonds bearing such higher rate. This provision practically protects the holder of these Liberty Bonds against the depreciation of his securities. The bonds are the direct obligation to pay of the United States government whose good faith...
...have been made, and have at times had demoralizing effects. When made, they should be punished mercilessly. It does not appear, however, that monopolistic combinations by speculators dealing in "futures" is the cause of the rise in wheat. One clear point is that "cash" wheat has been pretty steadily higher than the nearest "future" since last fall--indicating that buying by those who want the actual wheat, to use or to store away, has been the proximate cause of the rise. Back of this, in the judgment of good students of the market, lies buying by the Governments of England...
...cannot take space for details regarding the services of ordinary competitive speculation. The manuals on economics explain them. Usually listed are the following: (1) Speculators create time values, carrying wheat over from a period of abundance to a period of scarcity; (2) Speculators level prices through the year, giving higher prices to farmers at harvest time, and lower prices to consumers later. (That this second point is not a matter of closet theory is abundantly shown by J. E. Pope, in an article in the Harvard Quarterly Journal of Economics of August, 1916). The speculator has failed...