Word: policeman
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Dates: during 1930-1939
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Among his many roles, Franklin Roosevelt sometimes plays a sort of policeman, signaling stop & go to commodity prices. Year and a half ago he signaled stop with such success that prices broke the world around. Three weeks ago the "White House Spokesman" warned that certain commodity prices must not be allowed to run away. Copper, for example, should not be allowed to reach 18? again. Though copper has often been a runaway (in 1916 reaching an all-time high of 31.89?), it got no higher than 17? last year, then dropped to 9? this summer...
...Despite Policeman Roosevelt's warning, favorable news kept the price bowling uphill. The Copper Institute's September report showed that stocks on hand, both in the U. S. and abroad, were at the year's low, consumption at the year's high. Foreign orders for rearmament last month were 137,298 tons, highest ever. In the U. S., rearmament plans capped a business revival. And so by last week the domestic price had climbed to 11.25? a pound, the export price...
...policeman on his beat
...That the last time for serving be changed from 12 o'clock to 11:30 o'clock: (2) That the doors be closed and customers asked to retire at 12 o'clock instead of 1 o'clock; (3) That the Yard policeman in whose territory the Grill lies be asked to see that customers leave as promptly as possible after 12 o'clock; and (4) That posters asking for quiet for those retired be displayed prominently...
Boston did not know, possibly, that their reporters' only source of news was the Central Square desk sergeant; that a Cambridge policeman had made the four arrests (and had arrested, inevitably, the wrong men); that a Cambridge policeman was asking the pound of flesh; that the Post Commander was another Cambridge policeman...