Word: investments
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Dates: during 1930-1939
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...Sand Fork. Forming in procession, the men of God marched into the church. There Bishop Swint solemnly handed purple robes, a purple biretta and a white lace cotta (surplice) to a wrinkled-faced, white-haired old priest named Thomas Aquinas Quirk whom Pope Pius XI had elected to invest with the title Monsignor...
...since discarded the eyeglasses he wore as a young man, rushed down to Washington and taking Housing Administrator Moffett by the arm, began to talk like an express train. "Look at the millions of dollars banks and insurance companies have," said he to Mr. Moffett, "but are afraid to invest. Put a government guarantee on my mortgage and they will not be afraid. The Housing Administration has never guaranteed a $5,500,000 mortgage or anything like it, you say? Well, what of it? The law does not forbid it. Give me the guarantee and put that private cash into...
Even Jesse Jones, who is not usually so half-baked, showed the same trend of thought in his speech to the National Education Council. "If we are to have lasting recovery," he said, "banks should be more considerate to prospective borrowers, and those who are able should borrow and invest and take a reasonable risk. The time has come when people should begin to rely on themselves and on private sources of credit. We cannot go on indefinitely with the government doing everything." Nothing could be more true...
...chanted that remedy for rural Depression up & down the land. Last week at Prattsville (pop.: 114) he summoned a meeting of farmers and their wives to announce a far-flung scheme for bringing electricity into 15,000 isolated Arkansas farm homes. He proposed that his company, Arkansas Power & Light, invest about $600 per home in transmission lines and equipment, while each farmer was to put $200 into lamps, irons, washing machines, water pumps. How were the farmers to raise the money? Why, said Mr. Couch, let each farmer's wife add 20 good hens to her flock. The onetime...
...move toward a greater rather than a lesser degree of liberty than now. . . . But everything waits upon stabilization. ... As things are now nobody will invest when he cannot know what his invested money will be worth when it is returned. . . . The stabilization of currencies is unquestionably the most important step toward world recovery. It is a question for Great Britain and the United States. . . . The franc is stable. France must await the outcome of the fiscal policy of the two great monetary powers...