Word: hoarded
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...sell it to the U.S. Treasury he would lose money on it. The advantage in buying canned gold dust, to hard-shelled citizens who aren't sure that paper money is here to stay, is that it is the only form of gold that the Government lets them hoard. Another hoarder, Alf Ringen, the postmaster of Kindred, N.Dak., rebelled at a 15-year-old government order which directed postal employees to save string; he had a 100-lb. ball of the stuff and it was getting...
...Akron, an 80-year-old recluse named Frances Louise Butler died, leaving in her hotel room a hoard of $300,000 in Government bonds wrapped up in old newspapers, and a "small fortune" in diamonds, rubies and pearls in a sugar sack. A man who came to the funeral remembered one thing about her: she had sung Oh Promise Me at the bier of President McKinley...
...coffin hauled on a cart was a grimacing old man clutching a carton of cigarettes, two cases of laundry soap, some boxes of matches and a roll of cloth. Every block or so the old man climbed out of his coffin to harangue the crowd on the evils of hoarding and speculating. Inscriptions on dancing banners and placards read: "Those who hoard are public enemies," and "Who damages the gold yuan will have his head chopped...
This kind of free-style spending quickly drained Argentina's postwar hoard of $1.2 billion, and IAPI got the blame for the country's financial trouble. But guilty though IAPI is of high-handed, nearsighted policies, of waste and corruption and corner-grocery bookkeeping, Perón can rightly claim that it has done much to lift Argentina from its old colonial economic status. Foreigners no longer own the railroads or the telephones. Foreign "exploiters" operate only under great handicaps. It is in terms of this sort of economic emancipation that the Peronistas defend IAPI and its works...
...must to all nations, the postwar problem of living within its means last week caught up with Mexico. Mexico's postwar hoard of $350 million in gold and foreign exchange had dwindled to $114 million. Furthermore, it was a state secret whether this was usable or whether it included the necessary backing for the nation's currency. Overnight, the peso, which for eight years had been exchangeable at 4.85 to the dollar, was cut adrift. In shops, the prices of imported goods which Mexico could no longer afford were boosted from...