Word: moratoriumed
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...uproarious Garner demonstration by the whole House after Bicentennial exercises. The Garner leadership is called the "wonder of the day" at the Capitol. As evidence of his non-partisan co-operation with President Hoover, the Speaker could point to the overwhelming passage by the House of the Debt Moratorium, the Reconstruction Finance Corp., the Federal Land Banks' increased capitalization, the Glass-Steagall bill (see p.11). Democrats are hard at work upping taxes, cutting expenses to balance the budget. But when Republican politicians like Mr. Jahncke claim all the credit for these relief measures, Speaker Garner gets fighting mad. Warned...
...request from 122 business leaders that he declare a "two-year moratorium on destructive competition" (i. e. suspend the anti-trust laws) President Hoover turned a cold shoulder. He rejected the proposal on the ground that the prohibition against price-fixing was as important now as ever...
...nothing of the sort. There was an actual deficit of between $160,000,000 and $280,000,000 hidden by such devices as counting only nine months for expenditures but twelve months for receipts, and including Reparations payments which Germany obviously will not make because of the Hoover Moratorium...
...show at once. The Society, in full possession of the international facts, pointed out that "the Government of France met its obligations to the United States in accordance with the refunding agreement of April 29, 1926, and the only payments past due are those covered by the year's moratorium which the president of the United States himself suggested last June, without consulting France...
...Washington, it was Undersecretary Mills on whom President Hoover leaned for his statistical data while negotiating his Moratorium. It was Undersecretary Mills who became the Treasury's voice in Congress, who framed the Administration's present tax program and, along with Governor Meyer of the Federal Reserve Board, conceived the idea of the Reconstruction Finance Corp. High-born, rich and brainy. Secretary Mills goes to the Cabinet a good man at a bad time. On him will fall a good portion of the onus for tax-upping. His will be the discouragement of keeping a Government's unbalanced books...