Word: rate
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Dates: during 1920-1929
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...With the second-rate law schools turning out mediocre lawyers as fast as they now are, every man of real competence in the profession is assured of all the business he can possibly handle during the rest of his natural life." This remark, made by a Boston attorney in private conversation the other day, is interestingly borne out by the statement just published of the average yearly carnings of the members of the Harvard Law School class of 1905. The report, covering 119 men, shows an average professional income of $18,634. Moreover, a close analysis shows that this high...
Having dealt for a moment in "human interest," the Council returned to arithmetic. To the surprise of English and American financiers, the Bank of England cut its discount rate from 4½% to 4%, the lowest that has been in force since the middle of 1923 (see BUSINESS...
Last week Sidi Muhammad, brother of the indomitable Abd-el-Krim, called for foreign intervention in Morocco affairs. Said he: "To continue war means ruin, although we can stand another year at this rate ... Is there nobody-America, England or Italy-who is ready to speak for peace...
...just as this development induced the speculative crowd to fear an advance in Federal Reserve rates, news from London announced a cut in the Bank of England rate from 4%% to 4%. The rates of the Reserve Bank of New York and the Bank of England are made cooperatively in order that the British rate may always be slightly higher and thus avoid heavy gold exports to this country. New York Reserve rate is now 3%%, and a rise to 4% would consequently threaten the British gold supply and the sterling gold standard...
...boardwalk by the sea, to Atlantic City. And the cynics who thought that bankers' ears knew no music but the clinking of doubloons on pieces of eight, laughed themselves into face, saying: "Ah well, if it is not gold that calls them, it is at any rate a golden jubilee...