Word: hoards
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Dates: during 1940-1949
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...Hull, has an agreement with Admiral Georges Robert, High Commissioner for French Territories in the Western Hemisphere, which: 1) provides "certain guaranties" regarding movements of French ships in U.S. waters; 2) commits France to notify the U.S. in advance concerning any shipment of the estimated $200,000,000 gold hoard from the Bank of France, now stored in the fortress at Martinique; 3) allows the U.S. to patrol the neighborhood of France's Caribbean islands by ship and plane...
Most visitors thought they were a little queer. But connoisseurs soon found that the Landis brothers' hoard contained the largest and most complete collection of Pennsylvania-Dutch arts and crafts in existence, and the Oberlaender Trust decided to build a museum on the farm where scholars and tourists might see what Henner and George had collected...
...raising the value of its gold hoard, the government can make another tremendous paper profit to fill the hole in the budget left by deficit financing. Thus in 1933 F. D. R. made $2,800,000,000 by reducing the gold in the dollar to fifty-nine cents. $675,000,000 of that sum has already been used to wipe out part of the government debt; and the rest has been allocated to our Exchange Stabilization Fund. Suppose, though, that the President lowered the gold in the dollar to twenty or even to ten cents. F. D. R. might...
...right to issue $1.29 worth of silver coins for each ounce of foreign silver it buys (current price: 35? an ounce). The board argued that these three measures, adopted during Depression I to combat deflation, are no longer needed. What is needed, thanks to the huge U. S. gold hoard and the booming defense program, is protection against inflation. Repeal of these three powers would remove three dangerous inflationary threats...
Best talent: Jack Gilford, who does an imitation, at once funny and narcotic, of a man trying to stay awake at a pep meeting of the "Hoard Motor Co." Typical piece of ragtime sociology: a mass strip number exposing union labels...