Word: panamas
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Dates: during 1930-1939
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...vast operations since his Administration took office. High points: 1) with completion of its present program, the Treasury will have refunded in two years no less than $8,000,000,000 of Wartime loans, and retired, largely from its so-called "gold profit," another $674,000,000 of Panama Canal and Consol bonds; 2) saving in debt service will be $100,000,000 yearly; 3) though the national debt has risen to $28,800,000,000 in the last two years, present interest costs of $800,000,000 annually are actually less than in 1925 when the debt...
...years ago when America created the puppet Republic of Panama," chimed in Baron Newton (no descendant of Sir Isaac), "nobody said a word...
Instead of retiring some Government bonds with relatively high interest rates, however, the Treasury will call its lowest coupon bonds of all-the pre-War 2% Consols and the 2% Panama Canal issues. The saving in debt service will be only a trifling $13,500,000 annually. But that was not Mr. Morgenthau's prime purpose. In one of the slickest Treasury moves in history, he was hatching not one bird but four...
...shipping agent in Manhattan buys a cargo of rusty old rails, iron pipe, sawed-off steel girders, stoves, smashed automobiles. He loads it into a creaky freighter already headed for the junk heap. Manned by Japanese, the ship takes on enough coal for one voyage, limps south through the Panama Canal, manages to reach Nagasaki 11,000 mi. away. There the cargo is dumped into smelters. The ship proceeds to Osaka where, in the world's largest ship-breaking yard, acetylene torches reduce its hull to hunks of scrap. The crew works back to New York for another ship...
...During its trip to San Francisco and back the Panama-Pacific Liner Pennsylvania logged the following incidents: Her surgeon died of a stroke. The engine-room storekeeper died of pneumonia. Both were buried at sea. Brooding because the boatswain had taken his bedroom slippers, the ship's lookout fell 40 ft. from the crow's nest, arose unharmed. A 40-ft. whale became so firmly impaled on the Pennsylvania's bow that the captain had to put his ship astern to dislodge it. The liner also rushed to the aid of a freighter, took off a wiper...