Word: publicational
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
Riled by such insubordination President Hoover retorted: ". . . The appointive responsibility rests in the President, not in any organization. ... No longer shall public offices be regarded as mere political patronage. . . . The success of the Republican party rests upon good government, not upon patronage, and Florida will have good government so far as it is within my power to give it. ... I note your demand that the organization shall dictate appointments in Florida, irrespective of merit or my responsibility. I enclose herewith copy of a statement I issued last March [expressing a willingness to cooperate only with reputable Republicans in South]. That...
...Hoover program: 1). A consolidation of inland waterways into one system, with no more "patchwork of disconnected local improvements [which] has in the past been the sink for hundreds of millions of public money...
...facts remain that some thousands of people have lost some billions of dollars, and some others have made, or stand to make nearly as much. It is almost inconceivable that business conditions will not be affected in some way by this great decrease in the public's purchasing power--in spite of reassuring messages by President Hoover and it would seem a reasonable guess that luxury lines and those trades which have padded their sales with the somewhat artificial methods of installment buying will feel such ill-effects as are developed...
...accomodation that may be needed. Its reserve ratio the past year or more has been between 70 or 75 per cent some 30 per cent above the legal minimum. Indeed, this unprecedented gold revenue may be said to have indirectly been behind the bull market, since the public knew there were far greater supplies of credit available in the country than they would ever need, and that the high discount rates which the Federal Reserve has maintained in effort to check speculation have largely been a "false front". Related to this situation is the relatively low level which call money...
...consideration of these factors seems to give a certain weight to the theory that the discount rate of the central bank of a country is not the ultimate determinant in a country's credit position, particularly when public opinion refuses to take cognizance of the message of the rate, and when--as has been the case in the late years in the United States--the credit policy is controlled by other factors than the gold reserve. In view of these facts it does not seem too much to say that stereotyped financial theory and business practice are rapidly being...