Word: protection
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Dates: during 1930-1939
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...educational system of New York is not increased by the spectacle of the president of its City College belaboring students with an umbrella like an irate old beldame charging a group of plaguing boys, nor by the action of the Board of Education in calling policemen to protect it from its own teachers. The City College is busy meting out discipline because a crowd of pacifist students blocked the path of the president--and of course the inevitable "distinguished visitors"--on the way to review a drill by the Reserve Officers' Training Corps. Certainly some of the City College students...
...they considered a monstrous system of guaranteeing bank deposits. Such a system, they felt, would not only rob them of their pride of profession but would reduce all U. S. banking to its lowest level. They saw their deposits which they had spent a lifetime to build up and protect with their good names confiscated by the Government to pay for the mistakes and dishonesty of every smalltown bankster...
From all I can learn Jockey Fisher [on Head Play] was the first offender. Meade [on Broker's Tip the winner] only retaliated and pushed off Fisher's mount in order to protect himself. It is too bad this occurred and it took away a great deal of the pleasure of the victory...
...protection"' of bondholders is a big phrase in Depression. "Protective committees" are formed, they solicit holders of defaulted bonds to deposit their securities, they try by protest and lawsuit to collect-the expenses of the effort being charged against the bond owners. So many protective committees exist today that they have been called "the bellyaching racket." Even the proposed U. S. securities bill would create a corporation to protect U. S. holders of foreign bonds. And a committee was announced last week in London, to be headed by popular Sir Harry Armstrong, who retired in 1931 as British Consul...
...within the memory of many investors now living has a committee been formed to protect the holders of the bonds of any one State. Noteworthy too is the cause of the action, not to collect as much as possible from one who is bankrupt but to collect from a debtor who in the view of the bondholders is deliberately welshing on the terms of his promise...