Word: modestly
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Dates: during 1940-1949
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Standing demurely a block beyond the Law School, where Everett Street runs into Massachusetts Avenue, Sargent College of Physical Education for Women has been turning out energetic young gym instructresses for 66 years. From its modest origin in 1881, when Dr. Dudley A. Sargent opened a "Sanatory Gymnasium" on Church Street, Sargent has progressed steadily to a broad and varied curriculum, with a student body of 500. In 1904, the school moved from Church Street to the present site, and slipped under the wing of Boston University in 1929, where it has been ever since...
...members of the Council. To date they have held 319 ballots, and no one has been chosen, though at a point early in the balloting one of the actors had four votes and needed only his own to make him mayor of the city. Fortunately he was too modest to vote for himself. That would have spoiled the whole performance...
When Italy turned up on the winning side in World War I, Victor Emmanuel reached modest heights of popularity. His subjects referred to him (fondly, at first) as il piccolo-The Little...
...Modest Steps. Next day, Eccles had a second thought. He announced that FRB would inch up the rediscount rate from 1% to 1¼% "in the not too distant future." Then Allan Sproul, president of the Federal Reserve Bank of New York, prodded Eccles. FRB has the power to make Central Reserve banks (those in Chicago and New York) increase their reserves another 6%. Why didn't it do so? As for Eccles' new plan, Sproul gave it the back of his hand. Said he: "It would expose us to grave monetary disorders. ... A program of modest steps...
...week's end, it looked as if only "modest steps" would be taken. Eccles' new plan was about dead. The House Banking & Currency Committee recommended that Federal Reserve banks be required to back their currency notes by 40% in gold, the same ratio as prewar (it had been dropped to 25% as a war measure). This would have no immediate effect; reserves are actually at 49% now. Nor would the proposed rise in the rediscount rate; it was too small to be more than psychological in effect...