Word: nomics
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While the S. S. President Roosevelt bearing L-. S. delegates to the World Eco-nomic Conference plowed through long summer seas toward Britain last week, U. S. Ambassador Robert W. Bingham stood up in London to make his maiden speech before the Pilgrims Society. Every U. S. Ambassador is fed by and talks to the Pilgrims but not even in the Dawes days had the Pilgrims heard such frank, forthright talk as this. Speaking for his smiling chief at Washington, Ambassador Bingham said...
...whole mass of interlaced Repara tions and War debts is the most formidable hindrance to recovery from the eco nomic evils which now afflict the world. If the sponge is to be used at all it must wipe all away. There must be no one-sided repudiation...
...social and international adjustment, inspired by greater justice and by Christian charity-an adjustment which, without upsetting the order established by Divine Providence, would make fraternal collaboration possible and effective among the classes and the peoples." Let such adjustment replace "unbridled competition, which is dangerous to financial and eco-nomic conditions." Protestants in Rome. Last summer the Pope inveighed against Protestant proselyting in Rome. Methodists and Baptists were the "guilty" ones (TIME, July 14). Last week he again expressed his vexation against "even more intense, vast and impudent Protestant propaganda, sometimes open and reasoned, sometimes subtle and deceitful. . . . Advantage...
...another Democrat, said: "Mr. Morrow, I am sure, has the ability and qualifications required for the position. If he has decided to relinquish private business and devote himself to public interests, he can serve his country and Mexico with happy results in promoting good will, co-operation and eco-nomic conditions to the advantage of all concerned...
...arrived at no definite conclusions. One article created the impression that the road could have been saved by Government intervention. This was subsequently denied by high officials in Washington. To summarize the fundamental causes for the St. Paul collapse would require much analysis of a statistical and eco nomic character-heavy fare for newspaper readers. The occasion for the failure was provided when the road's bankers refused to refund the maturing bonds which forced the insolvency. This action can, in turn, be interpreted according to the taste and fancy of the interpreter. The next Congress may wel: make...