Word: indirections
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...forbid officers and directors of any commercial bank to officer or control through stock ownership any other commercial bank or investment bank, thereby stopping up holes in the present law which permit such control by indirect means. The Federal Reserve Board would not be allowed to issue any exceptions to this rule...
...leave Woodin assured Wall-Streeters that the government was not aiming at "recovery without profits." Further music to moneyed ears was the proposition advanced in his Boston speech by budget-balancer Douglas that recovery necessitates "a free flow of capital into legitimate business enterprises." Both were generally interpreted as indirect assurances to the recalcitrant banking world that Santa Claus will probably bring Administration support for a change in the Securities...
...fixed policy of the Government" of Russia (he could not promise for the Party headed by Josef Stalin) to "refrain" in the most scrupulous manner from any interference in U. S. affairs; to "restrain" from such interference "all organizations of the Soviet Government or under its direct or indirect control, including organizations in receipt of any financial assistance from it"; to refuse to harbor on Russian soil any group "which makes claim to be the Government of or makes any attempt on the territorial integrity of the United States...
...Moines. Next day General Johnson sped to Des Moines, addressed 4,000 at the Shrine Auditorium. "To agriculture the Recovery Administration gave everything," he declared. "There is authority to do everything that ever has been suggested to raise farm prices and if none of the indirect methods work, there is authority to tax the whole public and turn the proceeds over to agriculture to make up for any lag in parity of prices...
...employment agency. Planner Morris, who collects American antiques and champion Leghorn chickens, was simply advocating what few serious economists have dared to suggest: opening the till of government credit to the consumer. Every single governmental attempt to prime the business pump throughout four years of Depression has been one indirect method or another of easing credit to producers. The Governor of Georgia urged that Army planes scatter greenbacks over the land but no serious effort has ever been made to bolster buying power by direct consumer credit. To prove that his new government bank would be no sinkhole of public...