Word: hoards
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Dates: during 1930-1939
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...particularly alarmed by the outgoing gold. Indeed, the only fear was that the movement would not continue long enough to make real inroads into the country's embarrassingly large gold hoard, now standing at more than $10,000,000,000. A large part of the metal that has flowed to the U. S. since 1934 represents foreign capital seeking safety or investment. Fear for the dollar or returning confidence in Europe or both would probably draw the gold away. And this possibility is the chief argument against Federal Reserve Board action to cut the present high total of excess...
...Dawson-Scott supplied the ghoulish plot in a novel named The Haunting. Scene is a village in Cornwall where Gale and his young sailor brother Pascoe quarrel over a hoard of gold hidden in an ancient chest. The beginning is gay with folk tunes. Villagers dance in the market place. Thereafter gloom prevails. Gale, for whom Leginska named her opera, murders his brother, hides the body in a cave near the sea, never succeeds in escaping its ghost...
...days after three bullets put the Premier of China to bed (see above), Acting Premier & Finance Minister Dr. H. H. Kung abruptly "Nationalized" the age-old basis of Chinese money, silver. Chinese could still hoard all the gold they pleased, but Dr. Kung made it treason for Chinese to hold silver which he ordered into the Government's banks. To a nation that has never had any great confidence in paper, the Chinese Government decreed that its paper is legal tender and not redeemable in either silver or gold...
Treasure Trove. Standard plot for thrillers since Treasure Island is two bitterly hostile groups of adventurers competing to discover and carry off a fabulous hoard of pirate treasure. Such was the plot which Representative O'Connor's House Rules Committee and Senator Hugo La Fayette Black's Senate Lobby Investigating Committee were playing, with the testimony of Howard Colwell Hopson as the Treasure Trove. The steps by which the ambitious rivals reached their present state of front page enmity...
Atlas Corp. was formed in 1923 as a private pool by Mr. Odium, his friend George Howard of Simpson, Thatcher & Bartlett and their wives with a capital of $40,000. It took a drubbing in 1926, but coasted profitably into 1929. Then Floyd Odium began to smell Depression, to hoard his cash. When the October market barrage had subsided, he started picking up damaged investment trusts like Goldman Sachs Trading Corp., Shenandoah Corp. and Blue Ridge...