Word: margined
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Dates: during 1930-1939
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Jumping off to an early game lead, the Kirkland House hall club out-batted and out-fielded the Lowell baseballers to finish up with an easy 10-5 margin in one of the House diamond contests held yesterday afternoon on Soldiers Field...
...Such provisions as those handing the Federal Trade Commission broad authority over financial reports and regulating stock transactions of officials and. large (5% or more) stockholders have been tempered but little in the revised drafts (TIME, March 19). But the most important feature dealing solely with the brokerage business-margin requirements -was last week officially slated for revision. The man who turned the margin tide was the Stock Exchange's oldest and ablest foe-Lawyer Samuel Untermyer...
...counsel to the pre-War Pujo money trust investigation, had spoken of the bill's original draft as "impossible, impracticable." Testifying before the Senate Committee last week, the aging attorney criticized many provisions as deflationary and indiscriminate, found numerous glaring omissions. Roundly he denounced a fixed formula for margin requirements, urged instead discretionary power in the hands of the central credit body, the Federal Reserve Board. The Senators and their counsel, Ferdinand Pecora, were impressed...
Neither Mr. Untermyer nor Mr. Pecora had reckoned on Senator Carter Glass, who was loth to see his ward, the Federal Reserve Board, in the role of margin clerk to the nation. Few days later the peppery little Virginia Senator marched into the Banking & Currency Committee, whose headlined sessions he is usually too busy to attend, and jammed through an amendment creating a separate stock exchange commission to administer the whole bill- just what President Whitney has been demanding. A thumping victory for the bill's opponents. Senator Glass's revolt cleared the way for thoroughgoing revision...
...House interstate commerce subcommittee voted to reduce basic margin requirements from 60 to 45 per cent. It also voted to delegate to the Federal Reserve Board the power to raise or lower the margin requirements...