Word: moratoriumed
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Dates: during 1930-1939
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...effects. ... He has shown the patience of Job and the courage of a lion. . . . The cry has been for leadership. Those who shouted most loudly for leadership usually showed the least of that quality themselves. . . . The President prevented industrial strife and warfare. . . . He brought about an international debt moratorium. ... He intervened . . . directed . . . saved . . . settled. . . . The President is now confronted with a serious fiscal situation in the Government itself. . . . Most anyone can suggest a plan for taking money out of the Treasury but no one has suggested a plan for putting more money in. ... I've been told that...
Writing to the Bank for International Settlements (custodian of the Young Plan at Basle, Switzerland) the German Government politely hailed President Hoover's "farsighted initiative" in arranging his One-Year Moratorium, but continued with asperity: "The hope that this . . . would mean a definite turn in the world crisis did not materialize. . . . The Hoover year alone was unable to dispel the danger of a collapse...
...Hart by 20,000 votes. This year Mr. Hart, a bean jobber of Saginaw who runs an 800-acre farm, was again nominated, this time against Republican Foss O. Eldred of Ionia. Nominee Hart declared Wet, had the support of the Crusaders who rained 250,000 leaflets ("Take a moratorium from your political affiliations and vote and work only for candidates who stand for Repeal") for him down in the district from an airplane, went hobnobbing around among bean-growing farmers. Nominee Eldred, supported by Governor Brucker and organized Husbandry, weaseled on Prohibition, won Dry backing, talked about "upholding Hoover...
...Capital, apart from the necessary call of respect on President Paul Doumer, was to get in touch with German Ambassador Leopold von Hoesch. As fast as possible the two statesmen will elaborate plans for Germany to take the "initiative" toward an extension of the Hoover One-Year Moratorium or some actual cancellation of Reparations and War Debts which President Hoover and Premier Laval agreed Germany must take (TIME, June 29). "President Hoover stressed and I agree," declared bubbling, vigorous M. Laval, "that recovery depends on helping Germany to get on her feet...
...this hubbub glossed over the fact that M. Laval obtained from Mr. Hoover no guarantee of French "Security." It has been clear from the first that the Hoover Moratorium would have to be extended or some cancellation made, but the President prefers to have Europe ask Congress. As something bright and dramatic, Premier Laval announced that he would call what amounts to a new Reparations Conference in December at Biarritz...