Word: pegged
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...program for the gathering at London which the preparatory committee spent several months in assembling has been abandoned to consider the pressing question of currency stabilization. The President's constant refusal to peg the dollar has produced violent condemnation abroad and confusion at home, although there are excellent reasons for his negative attitude. It is obvious that when the inflationists in Congress empowered Roosevelt they intended prices to rise higher than they have so far, and that the best way to settle business at a higher level is to let the dollar fall against foreign currency of its own accord...
Surprisingly after this clash M. Bonnet and Le Gouverneur managed to reach agreement. Fiscal experts of the U. S., British and French delegations paved the way to peace among their chiefs by deciding that, in their opinion, it should be possible promptly to peg the dollar, the pound, the franc. Since this was the main thing France wanted, M. Bonnet was soon exclaiming "We love Le Gouverneur...
...franc-reach de facto stabilization not after but before the London Conference opens, there is little point in France's taking part. Following this idea, wires were pulled from Paris last week to set up an international equalization fund, similar to the British pound equalization fund, to peg dollar, pound and franc at or near their present level...
...Peg O' My Heart (Cosmopolitan) gives Marion Davies a chance to say "Wurra-wurra" and wear her hair in pigtails, the accepted procedure for actresses who, in this strangely enduring sentimental comedy, revive the role which Laurette Taylor originated in 1912. The play deals, as everyone knows, with an old Irish fisherman, the antithesis of the savage angler in I Cover the Waterfront (see above), and his daughter who inherits ?2,000,000. With her small mongrel Michael, she goes to England to live in a manor house where she squabbles with the butler, falls in love with...
Efforts to modernize the play by such devices as a radio-equipped roadster, which Peg drives into a pond, are a failure. The most convincing element in Peg O' My Heart is Miss Davies' pardonable affection for her own brogue, which sometimes causes her to speak as though she had a live mackerel under her tongue. Typical shot: Peg's father. Pat (J. Farrell MacDonald) when he sees that she is downcast, advising her to appeal to the Wee Folk...