Word: hoards
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Dates: during 1930-1939
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...transactions. All the coins were dated prior to 296 A.D. In that year Roman Emperor Diocletian banned local coinage to introduce a standard monetary unit of his own. Thus, if the four-celled structure was not a bank, it was the hiding-place of some Third Century miser, whose hoard had been rendered worthless by the imperial edict...
However, you overstate the case when you say that "they [Fundamentalists in the Presbyterian Church] set up the Independent Hoard." ... On April 16 the Philadelphia Presbytery, long the recognized stronghold of Fundamentalism in that church, repudiated the Independent Hoard, went on record as "disapproving the formation of a new board." Conservatives and liberals united to defend the board of the church and its secretary, Robert Elliott Speer. Some weeks ago Dr. Machen, head of the new Board, sought to transfer his membership from the New Brunswick Presbytery (Princeton), where he was hopelessly alone, to Philadelphia, where he hoped to rally...
...they can never again speak consistently of a "favorable" trade balance as such, and they can always, in the future, stay at least one move ahead of the people who do. For their measure has abjured in practice the desirability long since abjured in principle, of a national gold hoard, and has thus destroyed the single justification of using the term "favorable" in connection with trade balances...
...Basle, Switzerland officials of the World Bank voiced conviction that the Roosevelt Administration in seizing the world's largest gold hoard would set a "bad example" to politicians of other countries...
...even dire threats from Japan's militarists had any effect on her strong-minded gold miners. They continued to smuggle, to hoard. Last week the Government loosened up a little. With gold worth around $33 per ounce in Manhattan and London the legal price in Tokyo was raised to 9.94 yen per momme (equal to 3.75 grammes) which worked out that day at $25.81 an ounce...