Word: papered
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Dates: during 1950-1959
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...increases, said Macmillan, "will not bring benefit to anyone. It would only bring benefit to men in a particular industry if they were the only ones to get it. But they will not be. If one starts, others will follow. No one will gain anything except more and more paper money, which will buy less and less...
...chalked up debts some $500,000 in excess of his income. Last week the Nizam called a halt: Azam's 23-year-old son, now at Sandhurst, and not Azam himself, would become the Nizam's heir. Henceforth, the Nizam announced in an ad in a local paper, anyone lending money to son Azam "would have to bear the consequences and blame themselves for their losses...
...brightest memories are of the more unusual aspects of banking. When he arrived late in 1929, for example, there were already frightening signs of depression in the U.S. and in Mexico revolutionary troubles had filled the streets with bandoleered bullyboys and the people with a deep distrust of paper currency. As a result, there was a run on the bank almost as soon as it opened. The new manager ordered the guards to open the vaults and fill large sacks with silver coins. Then he slipped them out the back door with instructions to march in the front door, through...
...night in Portland an alert police reporter for the Oregonian (circ. 230,238) noted that there were suddenly no detectives around police headquarters. Sniffing a story, he demanded an explanation from the police chief. The chief kept mum a secret that was being withheld even from the paper's night city desk: detectives were out guarding the Oregonian's Reporters Wallace Turner and William Lambert and their families while the pair were digging into one of the messiest official scandals in Northwest history...
...Moral Code." When the Seattle plotters approached Racketeer Elkins to join them, said the paper's account, the Portland underworldling fell in with the scheme to organize gambling and bootlegging but balked at prostitution ("It's against my moral code"). Fearing that they planned to freeze him out, Elkins took the precaution of "bugging" the Portland apartment of the Seattle emissaries with a microphone hooked to a tape recorder. On the playback he heard them plotting "to get rid of me." Elkins told the Seattle boys about his tapes and threatened to use the recordings to expose...