Word: moneyed
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Dates: during 1900-1909
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Perhaps the most important mistake of the trade unions is the failure to recognize that widespread increase of production of the commodities of life is beneficial and should be encouraged instead of restricted. Another fallacy is the belief that money invested is not used for the public good as it would be if spent in the construction of a steam engine or a tenement house. The money might be better employed, it is true, but nevertheless it is increasing the working capital
...response to an appeal from President Roosevelt in the public press and to direct appeals from Harvard men and other foreign residents in Japan, the Harvard Mission has undertaken to raise by general subscription in the University a substantial sum of money toward the fund for relieving the famine in the north of Japan...
...committee in charge of the subscription has asked one man in each entry of a dormitory to be responsible for the collection in his building. The canvass will be finished next Saturday, night, and collectors are asked to turn in the money collected to H. H. Perry '07, at Phillips Brooks House, next Monday afternoon, between 1 and 5 o'clock. Any men wishing to subscribe who are not called on personally should send checks to H. H. Perry...
...function of paper money and of the banker is of course to facilitate the exchange of commodities and the payment of labor services. Commerce is carried on by credit and the means it has devised, such as checks, drafts and bills of exchange, while it is the banker who renders credit most effective. It is certain that 80 per cent, of the world's business is transacted by credit, while cash is used only for small payments, such as the adjustment of balances and the payment of wages. The larger possibilities of the system are trammelled by the law that...
...this question. For five years he served as Secretary of the Treasury under President McKinley and President Roosevelt, and during that time repeatedly proposed alternations in the banking laws that would make currency more elastic and better able to respond to the periodic fluctuations and sudden emergencies in the money market. Mr. Gage has also been president of the largest bank in Chicago, three times president of the American Bankers' Association, and is now president of the United States Trust Company in New York...