Word: leveler
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Dates: during 1920-1929
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...office and informed them quietly that they had lent too much money to speculative market operators. This condition could not be remedied, as would ordinarily be the case, by raising the Reichsbank rate, because Dr. Schacht put the rate down from 6% to 5% last January, and considers that level necessitously expedient for reasons affecting his defense of the gold mark.* As a result there remained not sufficient sums at the disposal of individuals desiring to borrow for productive enterprise. Therefore, Dr. Schacht informed the German bankers, they must undertake to reduce their loans to market speculators, not by raising...
...McNary-Haugen farm bill (TIME, March 7), formally placed at the President's disposal "all the good things that do distinctly exist in the Hawkeye State." One specific good thing was the Franklin Floete estate "The Highlands." Inducements: 35 acres, fully fenced for privacy; 1,700 feet above sea-level (cool, bracing). Location: On Lake Okoboji, northern Iowa...
Countered Mr. Robinson, when his turn came to speak: "I cannot clearly see how a restriction in output could assure a continuity of supply at a high level and prove of ultimate benefit to the world. I am also wondering whether the fact that over 75% of the commodity is consumed-in a nonproducing country [the U. S.], while the country controlling restriction [Great Britain] consumes but 7% of the total supply, might be looked upon as discrimination...
...Last week the German admiralty announced having touched a spot lower in the world than any spot recorded?a spot 34,416 feet below sea level. With line and sinker, the cruiser Emden had found it, in the so-called "Japanese Ditch," running from Japan down to the Philippine Islands. The greatest ocean depth previously known was 32,644 feet, off the east coasts of Japan...
...Athletic Committee, earlier in the year, appropriated the funds for these tennis courts which will probably be permanent. The H. A. A. was also given permission to turn the six acres behind the proposed tennis courts into playing fields in case it would level and seed them. These fields, which will be fenced in, will be used for informal games, such as touch football in the fall, for which goal posts will be erected, and baseball in the spring, when diamonds will be laid out. It is not certain, however, that they will be permanent as the land...