Word: poole
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Dates: during 1930-1939
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...President became a patient performer in their hands. He put on rubber boots, waded in his favorite pool, cast his fly again & again. The crowd and the photographers' cries for "more action'' scared the trout away but the presidential fly whisked neatly to & fro, caught no trees or brushes. Then the President acted out a homely role on the lawn before his cabin. He propped a book open on his knee, played with his dogs, strolled about. Mrs. Hoover brought out her knitting. Changing to riding breeches, the President had his horse Billy brought up from...
...Governor Eugene Meyer of the Federal Reserve Board, big New York banks combined again last week under the leadership of President Mortimer Norton Buckner of the Clearing House Association to launch the long-debated $50,000,000 Commodities Finance Corp. (TIME, Aug. 15). Though dubbed "the commodity pool" in its rumor stage, C. F. C. will purchase no commodities. It will conduct a financing business along strict banking lines. Banker Buckner defined its scope as "facilitating the financing of the purchase, carrying, and orderly marketing ... of agricultural and other commodities." Actual operations will be handled by two subsidiaries, one engaging...
...value. Its supporters point out that it will provide commodity financing in regions where ordinary banking facilities have all but disappeared, and where banks are unable or reluctant to extend further credit. Scoffers doubt the reality of a dearth of bank credit for sound borrowers, point out the huge pool of R. F. C. funds and the failure of eligible borrowers to step up for direct loans from the Federal Reserve in large numbers...
There are few critics of another co-operative banking enterprise, American Securities Investing Corp. ("the bond pool"), formed by J. P. Morgan & Co. and other banks to purchase sound but depreciated bonds for profit (TIME. June 13). Its formation marked the turn in the bondmarket. Officered by Morgan Partners Thomas William Lament and George Whitney as president and board chairman, A. S. I. C. has called for only $10,000,000 of its subscribed $100,000,000. Even on that sum Wall Street thinks it must have rolled up a fat profit. A boiling bond- market last week brought...
Water Polo. First riot of the Xth Olympiad occurred after the first match in the water polo tournament, when Germany had beaten Brazil, 7 to 3. Angered by the decisions of the referee, huge Bela Komjadi of Hungary, two of the Brazilians crawled out of the pool and attacked him. Their teammates helped them. The Germans helped Referee Komjadi. Dr. Leo Donath of Hungary, secretary of the International Swimming Federation, tried to stop the fight. Police arrived and whacked him as well as the battling contestants. Bruised and bitter, Dr. Donath left the arena. Said Referee Komjadi: "The Brazilians have...