Word: moratoriumed
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Dates: during 1930-1939
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...White House window curtain had been patched for economy; 2) the President, trying to nap, had ordered a carpenter pounding nearby to "declare a moratorium on noise''; 3) a hideout had been constructed near the White House laundries where Secretary Walter Newton could hold secret political interviews; 4) Mrs. Newton had fallen from her horse into the Rapidan. The only story that Secretary Joslin branded as untrue was one to the effect that a Hoover wolfhound bit a Marine guard and the President, patting the animal's head, remarked: "Nice doggie! Now go bite General [Smedley Darlington...
...Treasury Mills (see p. 13). All three hurried into the office, began to ponder the French note. The issue was Germany's Reparations payments in kind. The President had proposed that these be settled by a commission of experts acting within the spirit of the Hoover moratorium. France wanted the experts to act on their own best judgment and quite independent of the moratorium. That, the President agreed with his advisers, would never do. Together they drafted a reply to France, rejecting her proposition and sending the negotiations off on a new track which might lead no man knew...
Senator Watson has been in politics too long to be easily discouraged. He marched straight to the White House, saw President Hoover. The President, said the Senator, should declare a wheat moratorium to match his debt moratorium. The Farm Board's policy, he insisted, was making all sorts of political trouble for the President. He advised the President to influence a change. At first the President was reluctant to interfere. But when Senator Watson finished explaining how wheat growers held the Farm Board-and the Republican Party-responsible for low prices (35^ per bu. in Kansas), the President dispatched...
...which is to promote world trade. But on this point President Hoover set his square jaw. His reason: "such deliveries" are in effect "payments." Mr. Hoover let it be known that "the spirit of the [Hoover] proposal" demands that no reparations payments be made by Germany during the moratorium year except such as are reloaned to Germany through...
...States Steel again crossed par, a triumphant return from the recent nadir of $831. Twenty-six leading stocks gained $4,159,000,000 in value. Bullish rumors ran wild; there were tales of tremendous pools being formed, huge mergers in the making. Concrete bullish news, in addition to the moratorium, was the favorable decision to Radio Corp. (see p. 12), the raising of the wholesale cigaret price, the declaration of the regular dividends by Westinghouse, Anaconda, Baltimore & Ohio. Stocks with interests in South America soared on a baseless rumor that the President would soon make an important announcement regarding credits...