Word: pars
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Dates: during 1930-1939
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Horse racing, generally accepted the world over as the "king of sports," and dog racing are on a par with each other in a point-by-point comparison. Nowhere that both are legally permitted is dog racing looked upon with less dignity than horse racing...
With her tongue ever so slightly in her cheek, Mrs. Chester Dale, collector and authority on French painting, helped organize four months ago an exhibition of the paintings of the late Alphonse Bouguereau, barroom decorator par excellence of the Gay Nineties. For all their technical slickness, the correct perspective for looking at a Bouguereau nude was always obtained through the bottom of a 16 oz. beer glass. Critics in the chill light of a formal art gallery were not impressed with the "Back to Bouguereau" movement. Last week with a better artist and in a better cause (a loan exhibition...
Scrip Out. One of Secretary Woodin's first major decisions was to abandon the idea of scrip as a medium of exchange. Prime objection was that such a substitute currency would not circulate everywhere at par. Declared the Secretary: "Where would we be if we had I. O. U.'s, scrip and certificates floating all around the country?" Despite this ruling, scrip continued in use in small communities that long ago ran short of cash. At Nashville about $1,000,000 worth was put in circulation. The Louisville Courier-Journal paid its employes in scrip, redeemable at advertisers...
More Money. The bill also created a new non-gold currency to be called Federal Reserve Bank Notes.* Behind it were to be U. S. Government obligations at par, discounted commercial paper at 90% of its estimated value. Some $2,000,000,000 worth of this new currency was expected to be issued to replace cash & coin now hoarded, but the total was not limited. The Federal Reserve banks were to advance it to member banks on the thinnest sort of security ("cats & dogs," Senator Glass called it). Individuals were also permitted to borrow direct from the Federal Reserve...
...Paul Runyan, White Plains, N. Y., golf professional: the Florida Year-Round Clubs' $5,000 Open Tournament, played over the Miami Biltmore course, with six-inch cups on the putting greens; at Coral Gables, Fla. Runyan's score-69, 64. 65, 68-266-was 18 under par, ten strokes better than Charles Guest, of Deal, N. J., who finished second. In a field of 61, an average of nine players finished under 70 on each round...