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Second was scrap, for which OPM set a price ceiling at $20 a ton. Third was lumber, which Price Commissioner Leon Henderson had already forced down below $25 a thousand board foot (TIME, Feb. 3). Last week, to avoid future dislocation, the Government talked of acquiring its own stock pile...
...ancestors plus a trace of Indian blood. But modern steam-heated life has dulled the senses; scholars today come not only from Cambridge and vicinity but also from Nebraska and Indo-China. Strangely enough, it is difficult for a Middle Westerner gazing with deep foreboding at the ghastly gray pile before him to know with a sudden, inner conviction that Matthews is Matthews...
...league with five wins and one tie, will face an unpredictable Adams House sextet in the most crucial game of the evening. If the Gold Coasters succeed in stopping them, it is possible that Eliot, which is only one point behind, can come out on top of the pile by tripping Kirkland. Dudley, now in third place with nine points, has a chance to tie for the top when it tangles with the last-place Leverett. In a non-league match, Lowell will play Dormitory. HOUSE HOCKEY STANDINGS Team Won Lost Tied Pts. Winthrop 5 0 1 11 Eliot...
UNCLE AM is now sitting on top of the highest pile of gold the world has ever seen --nearly 21 billion dollars worth of the precious metal, nearly three-quarters of all the gold in the world. And by the 1933 Gold Prohibition Law (as Mr. Scherman terms the anti-hoarding act of the banking crisis days) no one else in the United States but the Treasury, not even the Federal Reserve Banks, can hold any gold at all. Further, the President by executive decree can fix the weight of the gold in a dollar pretty much as he pleases...
...this is true. However, Mr. Scherman has found only one of the numerous Ethiopian tribesmen in our gold pile. The New Dealer's inflation which lie fears would at least come by wilful choice; but the tremendous excess reserves now in the banking system could just as easily finance a major boom which both Treasury and Reserve Board would find hard to combat. And experience has proved that in time of crisis the government disbursements, for defense or for relief, will be financed by any and every means available. Issuing billions of dollars of modern Liberty Loans...