Word: peg
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Dates: during 1950-1959
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...twin brother Russell (now an Army colonel) were born in 1902 in Leavenworth, Kans., where their father was a broomcorn merchant. They were a devoutly lighthearted Irish Catholic family of five. The twins went to Cathedral School in Leavenworth, where a stern rule forbade the playing of mumblety peg on the front lawn. "Bill liked to have fun," said Clara Boyle, "but he always got by." One day Bill and Russell were tossing a knife into the turf when a priest walked up behind them and coughed. Bill looked up beamingly. "Such a beautiful lawn, Father Kelly," he said...
...killer is just another spot in the play where no gag situation is offered. To the players it is just a scene to go through so that the production can get into the third act. Occuring as a minor incident, the confession of the murderer is a weak peg on which to hang a three act drama...
...issue at stake was whether the Federal Reserve Board must bow to White House pressure and continue to peg, or support, the price of Government bonds above par, thus continuing to make available billions for credit inflation any time that banks or insurance companies wanted to unload their bonds. Harry Truman had insisted that FRB continue the support policy, but had become alarmed at the uproar this had caused...
When FRB pulled its peg, the long-term 2½% bonds, which had been supported above par, slumped to par. But FRB had picked a shrewd time to drop its support. It was the same day that Snyder announced the details of his new issue. Insurance companies and other big buyers liked the terms so well that they jumped into the market and prices steadied, although down from the pegged level...
...tempered Westbrook Pegler proved to be too hot to handle last week for the New York Journal-American, his No. 1 outlet. It killed a Pegler column warning readers not to buy U.S. bonds, although the Washington. Times-Herald and some other papers thought it fit to print. Wrote Peg: "Any corporation . . . promoting the purchase of Government bonds on the pretense that such bonds are good investments, is either a party to a confidence game or a victim of stupid management. In either case I am not kidded...