Word: moneys
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Dates: during 1920-1929
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...fortnight ago, when his "Coherent Field Theory" was finally printed (in a six-page pamphlet), he wrote a 5,000-word explanatory article for the New York Times. That article brought him several thousand dollars. The money was useful, for the Einsteins are, like most scientific families, comparatively poor. Not much income ensues from his professorship at the Academy of Sciences or from his directorship at the Kaiser Wilhelm Institute for Physics. Yet the Einsteins, if they were really in need, might look with confidence to their very rich relatives, the Kochs and Dreyfuses of Germany and France. They...
...champion, was punching and slashing at Tommy Gibbons. Sweat glistened on the faces of the shirt-sleeved crowd. One man fainted. It was the heat. Another man suddenly had a bleeding nose. Tommy Gibbons felt weak and sick after a while. He lost the fight and made no money. Dempsey got $300,000. Mayor Jim Johnson of Shelby, chief backer, lost $150,000. That was probably Tommy Gibbons most famous fight...
Toward Wall Street last week the Federal Reserve Board shook a threatening finger, spoke a warning word. With loans to brokers standing at $5,669,000,000, the Board felt that too much money was being absorbed by the stockmarket, that other interests were being forced to pay too much for money they borrow, that indus-try as a whole was suffering from diversion of funds to brokers and speculators. It therefore expressed the opinion that a member of the Federal Reserve Banking System is "not within its reasonable claims for rediscount facilities" when it borrows Federal Reserve money...
...entire System. The twelve Federal Reserve banks and some 9.000 national and state banks that are members of the System have large and definite powers of their own. Stock in the 12 Federal Reserve banks belongs not to the government but to the member banks. Most of the money in the Federal Reserve banks belongs not to the U. S. but to the member banks. The essential theory of the Federal Reserve System is that the member banks in each district get together, pool their resources and form a virtually inexhaustible reserve fund upon which all may freely draw. Therefore...
...debatable whether any Federal Reserve bank would or could refuse a loan to a member in good standing. Says W. Randolph Burgess, assistant Federal Reserve agent in New York writing of the Reserve System in 1927*: "A Reserve bank cannot tell from the nature of its loans what its money will be used for. . . . It is thus impossible for a Reserve bank to dictate how its credit shall be put to employment. . . . The specific use of credit is the business of the individual member and nonmember bank. . . . What the Reserve banks do primarily is to fix the price at which...