Word: lowerings
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Dates: during 1920-1929
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...whole, fair-minded discussion of this situation, especially in the bituminous fields. He contended that War prices and strikes with temporary high prices had brought about overexpansion of the soft-coal industry. As a result, there are many high-cost mines; and, in competition with one another, they lower wages (if they can) in an attempt to keep running. As a result, there are strikes, shortages, temporary inflation of coal prices and more overexpansion. He contended that the only way to stabilize the industry was by maintaining Union wage levels and forcing inefficient mines out of business. At present...
...quick about his business. In the first round, Shade actually managed to hit him lightly, on the jaw. Slattery seemed puzzled. In the second round, there was another flurry from Shade. Slattery was obviously taking his time to get the range. In the third round, Shade crouched lower. He came out of his corner almost on his belly. From this position he started a blow which began in the resin of the floor, described a long overhand arc, terminated on the jaw of James Slattery. Down he went, his faun smile gone, struggled up again, went down again, struggled...
...Manhattan, one Henry Gettis, Negro Civil War veteran, passed the morning sitting beside the riverside tomb of General Ulysses S. Grant, removed himself later to a park in the lower part of town, decided to rest on a bench. While he sat there a laborer, one Luke Owens, 49, passed by, stopped to curse, to abuse Gettis for his idleness. When reproved, he issued a profane challenge to fisticuffs. A crowd formed. Up leapt Mr. Gettis. His old hand, rivered with dull veins, blotched along the back with great patches like distended freckles, hardened into a knot, smote the bully...
...would pay during the moratorium would amount to more than $800,000,000 (not compounded) and the loss by accepting a present payment of 75c on the dollar would be only a little more than $500,000,000. Similarly if Italy pays a rate of interest lower than that which the U. S. pays on its own indebtedness, the difference is a loss, which in effect is subtracted from the amount of the principal paid. But the ways of finance are not the ways of politics. If part of the Italian debt must be canceled, it is in the interest...
...time. Some conjectured that he is making a last effort to rally support. Yet Senator Glass of Virginia recently advocated a 20% maximum surtax and ether Democrats, in spite of their last year's opposition to the Mellon plan, seem to be edging towards a compromise with lower surtaxes...