Word: moneys
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Dates: during 1920-1929
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...struggles in modern China, and the stream of refugees and emigrants to the distant but more tranquil Manchuria will probably be greater than ever this year. There the international competition is still present to add to the complication, as is shown by rumors of Russian generals or Japanese money backing one or the other faction. Out of China should come something of great moment to world history before long, but to contemporary eyes it is still a witches' cauldron ever threatening to boll over...
...sore temptation. By forced sale he turns possessions into cash. He may conspire with a few choice buyers to undersell assets to them at a bountiful profit which they graciously and secretly split with him. He may rig his auction books to show low sale prices, pocketing money that should go to creditors...
Discount Rate. As for rediscount rates, here again it is the province of the twelve Reserve banks (not of the board) to initiate rate changes?. Here the Reserve banks have a specific and unquestioned method of making it expensive to borrow money. But this method cannot be indiscriminately applied. In the first place, a high discount rate will attract money from foreign countries. More important, however, is the fact that the Reserve bank cannot make it harder for the speculator to borrow money without making it correspondingly harder for the businessman or the farmer to borrow money. A rise...
There remained also the possibility that the Reserve banks would either raise their rediscount rates or attempt to persuade member banks to call in New York call money...
...RESERVE BANKS AND THE MONEY MARKET, Harper & Bros...