Word: pumps
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...River empties into Lake Erie's western end, was seriously threatened by a water shortage when the wind blew the river water out into the lake in such volume that the river level fell nine and one half feet, within inches of the bottoms of Toledo's pump intakes...
...Garner, South Carolina's Jimmy Byrnes, Virginia's Harry Flood Byrd. In Boston last month Senator Byrd expounded his worries about spending which he blamed on the "crackpot" .theories of Marriner Stoddard Eccles, chairman of the Federal Reserve Board. This week Chairman Eccles, a banker who favors pump-priming within limits, answered by a letter which he gave to the press, lecturing Critic Byrd and the nation on "the pertinent facts" about the Budget, Taxes, Debt...
That building is approaching a boom largely because the Government is underwriting mortgages up to 90% no one could deny. Colonel Ayres warned: "The most urgent economic problem that we face is that of making next year the transition from this pump-priming recovery over into a long-term recovery carried forward by business instead of one pushed along by Government. . . . Our people have quite generally become convinced that Government is primarily responsible for business activity. It is as futile for us to believe that we can spend ourselves rich as for us to suppose that a man can drink...
...Rearmament does not necessarily entail new taxes. Since the U. S. is still running whopping deficits, the implication was that Rearmament must replace some other form of spending, but the President went on to say that military spending is to be solely for military purposes, and not for pump-priming or re-employment...
What put Corcoran, Hopkins & Co. into the armament business was a chance to hitch New Deal pump-priming to National Defense. In the democratic jitters after Munich they saw a glittering opportunity to butter up and stimulate heavy industry without surrendering to it on the issues of labor, utilities, regulation. The bright prospect to them was that businessmen who got Government millions in armament orders could hardly object to continued and even intensified regulation, especially if it were in the name of National Defense. Public health, housing, power, all could be tied to Rearmament-for-uplift, and Franklin Roosevelt would...