Word: pegged
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...taking the peso off the peg and establishing a natural barrier to unnecessary imports, Finance Minister Beteta did what some of Mexico's sister republics may have to do. Tighter controls would have invited abuse in a country in which political privilege is hard to control. It would have stimulated the already brisk smuggling trade and set up an even more complex bureaucracy than Mexico already has. And it would have created a black market in peso-dollar trading...
Tough, tyrannical Sewell Lee Avery had lost "the first round, but he did not seem to know it; although Montgomery Ward's board of directors had knocked him down a peg and made President Wilbur Norton day-to-day boss (TIME, May 31), Chairman Avery went on as if nothing had happened. Last week the second-round bell sounded...
Coffee House Compact. The New York Exchange was built on speculation; in early days it often seemed jerrybuilt. Wall Street (socalled because of the log wall that peg-legged Peter Stuyvesant had built) was a natural site for trading: near the docks at its foot, there had long been a slave market. There, in 1790, when the first U.S. Congress voted "public stock" to redeem the Continental scrip which had financed the Revolution, a lively trade in the U.S. "stock" sprang...
...Westbrook Pegler, back from his spring vacation with his adrenals fully recharged, read up on the Wall Street strike. Peg had some advice for the cops on how to handle pickets trying the "lie-down" technique: "They deserved to be clubbed senseless or, if that were necessary, to be clubbed to death in the interests of public order and government. The police should always use all the force necessary to maintain order and . . . should use more than is necessary, rather than less...
...before the new issue was to be floated (Feb. 3), Otis & Co. told him that K-F's stock should be "stabilized." Kaiser did not know what that meant. The underwriters, he said, explained: to keep the Curb price of the old stock steady, K-F ought to peg it by buying at a fixed price...