Word: pastes
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Dates: during 1920-1929
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Professor Sorokin has already handed in his resignation from the Western University where he has been a member of the Sociology Department for the past three years, the resignation taking effect at the end of the present academic year. If he is appointed to the Harvard faculty, Professor Sorokin will come to the University next fall to teach Sociology under the department of Economics...
...raised in the usual American atmosphere of optimistic trust that a democracy chooses the best men for its offices, there is a terrific shock in the spectacle now being played in Boston. One candidate remarks "The people of Boston have elected some peculiar figures in the past but they have never elected a consummate liar": another wields witty puns on the straight and the Curley; charges break from harmless general statements and turn to reciprocal specific slanders...
...activities of the New York stock market in the past week have doubtless lent force to the opinions of the more austere. European critics who have so often blamed this country for the lack of the continental finesse in the pursuit of this world's goods...
...bull market on which the country has ridden in "Republican prosperity" the past eight years is a commonplace. The break of the past week has been a debacle. Whether the prosperity is to continue, or is to turn into a period of relative depression is hardly to be foretold, but the greatest stock crisis in history can hardly be designated as a technical readjustment. Whether the decline in what admittedly was an inflated market was touched off by the hammering of bear fools that finally tapped a layer of stop loss orders, whether the some what uncertain business conditions that...
...prognostication is more than usually hazardous. In the first place, this is the first crisis in what may be termed normal conditions that the Federal Reserve System has experienced-not that anyone doubts its ability to extend any or all accomodation that may be needed. Its reserve ratio the past year or more has been between 70 or 75 per cent some 30 per cent above the legal minimum. Indeed, this unprecedented gold revenue may be said to have indirectly been behind the bull market, since the public knew there were far greater supplies of credit available in the country...