Word: power
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Dates: during 1930-1939
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Your great story of "Duke's Design" and good old "Buck" Duke (TIME, June 26, p. 55), brings up some of the Duke stories which cover the Carolinas like Buck Duke's Southern hydroelectric power lines and are almost as numerous throughout the South as 5? bags of Duke's Mixture and Bull Durham smoking tobacco...
Spite and silver were the amalgam holding together last fortnight's Senate coalition of Republicans and hard-money Democrats which furiously filibustered the Monetary Bill beyond midnight of June 30 when Franklin Roosevelt's power to pare the dollar died and with it the Treasury's exchange stabilization fund. Silver and pressure were what Franklin Roosevelt used last week to split the coalition, pass the bill, revive both fund and power...
...unionists' war on WPA was: what is work-relief? Is it work undertaken by Government to take up slack when private work is lagging? Or is it jobs thought up, invented and financed to occupy idle men, keep alive their working instinct, health and habits, sustain their purchasing power? Into neither of these basic conceptions fits the unions' assumption that work-relief must ensure the pay-scales for which unions have organized and fought, and by which, in fat times, they have profited...
...South America is only 575 nautical miles. Political argument is that the million-square-mile sector explored by U. S. visitors from Palmer to Byrd (and Lincoln Ellsworth) should be claimed in toto, instead of in spots, brought within the Monroe Doctrine's sphere, before Germany or another power moves in. According to Admiral Byrd: "No foreign expedition has so much as looked upon [it]. . . . We have penetrated it ... lived in it ... built in it." The U. S. was laggard in claiming its discoveries in the Arctic and Pacific he argued: let it not lose this last rich find...
Potash politics come easy to Europe's masters of power politics. Europe's Cartel is about two-thirds Potash Syndicate of Germany, some French, less Polish. Its bankers are British. Spain, an independent producer, thoroughly undercut the trust's prices in 1933 and 1934. But in the spring of 1935 the Syndicate, thanks to German control of Spain's oldest potash company, made a tentative deal with Spain. Immediately the world price snapped back from its trade...