Word: panic
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Dates: during 1930-1939
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...statute" under which if the higher Admiralty officials feel the Government is endangering Britain's Naval security it becomes their "right and duty" to endanger it still further by resigning in a body. The mere threat of such an Admiralty strike, so M. Corbin was told, would mean national panic and the Government's fall. In short, Premier Laval could not have the promised papers last week. German secrets possessed by Britain must be concealed from France, her Wartime ally with all that that implied. Soon the official French attitude was made known by Minister of Marine François Pi?...
...Drunk," mighty, hawk-eyed, 6 ft. 2 in., drifted down to Texas in time for the trouble with Mexico. Santa Anna drenched The Alamo in its defenders' blood, put the Government and people of the new Republic into panic. Commander-in-Chief Sam Houston yelled, "Remember The Alamo" and raised an army out of the ground. In 15 minutes at San Jacinto he wiped out Santa Anna's far larger force, losing only six of his own men. Worshiping Texans gave the hero two terms as president, sent him to the U. S. Senate when Texas joined...
...felt that temporarily their money would be safest in gold, knew their rights. Since the village innkeeper in France is usually a person of respect and trust, many an innkeeper was in Paris last week buying gold for thrifty peasants who are far from being hicks. Over the panic period stanchly faced by France, her Bank, with So billion francs in gold on hand last month, paid out nearly eleven billion before confidence was presently restored last week and the gold flow was checked...
Democracy is intact when parliament, no matter how great the panic, refuses to grant unlimited powers to the Executive. This test the Deputies and Senators of France met by defying every Premier or would-be Premier who insisted on "full powers" during the crisis (TIME, June 3, 10). They settled down only when a peasant-born statesman of sturdy fibre asked them last week to support him as Premier by granting his Cabinet not "full powers" but carefully restricted extraordinary power for stated and specific purposes. Even this the Chamber voted with extreme reluctance, so ingrained is French dislike...
...Year later Secretary Cortelyou resigned to become Chairman of the Republican National Committee, manager of President Roosevelt's 1904 campaign. Next he became Postmaster General and, finally, Secretary of the Treasury. In that post he won the confidence and admiration of businessmen by his cool conduct during the panic of 1907. When President Taft took office, the only man ever to hold three Cabinet posts resigned from the Treasury, dropped out of public life...