Word: largess
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That the stockmarket should react unfavorably to indications of continued pump-priming was proof of business' confusion. Heretofore, such pump-priming talk has boomed the market, and even Wall Street admits that sharp curtailing of government largess would toboggan stock prices. Last week's pessimism apparently stemmed from the realization that new deficits may mean new taxes. But this was one matter on which Congress gave signs of having its back...
...last week, "that some people would say we are back to 1932. . . ." Then, after repeating the complaint that some newspapers were "creating a wrong impression," he issued a batch of figures to show how U. S. farmers are faring under the new AAA: estimated 1938 farm income (including Government largess) is $7,500,000,000, down 12.7% from 1937-but 74% above...
...enough to spur Secretary of Agriculture Henry Wallace's efforts to perfect a new wheat-loan program. And such were the prospects for the three major crops (others appeared to be in fairly normal shape) that Secretary Wallace and President Roosevelt prepared to dump the cornucopia of Government largess as never before...
Murder in the Cathedral (by T. S. Eliot; produced by Gilbert Miller & Ashley Dukes). Poetic drama by modern writers has been chiefly the plaything of the Little Theatres or the largess of high-minded or highfalutin producers. With a contemporary background poetic drama seems nerveless, artificial, grandiose. But with a historical background it can still, in the right hands, achieve a noble movement...
...Ammidon & Co., the Sheffield incident was very satisfying. Mr. Varian, an Episcopal church usher himself, has no high opinion of some churchgoers. He calls those who do not give liberally "snitchers" and "ecclesiastical lice." As an expert on collections who knows that open plates do not encourage largess in the U. S. he predicted last week that in Sheffield Mr. Ashcroft's 20% increase would soon dwindle...