Word: rate
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Dates: during 1920-1929
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...stiffened the U. S. money market and kept it stiff. The Third Liberty Loan was to mature on Sept. 15 and a considerable portion of it had been left to be taken care of by the Treasury's September operations. Secretary Mellon had to decide what interest rate he must offer to ensure the success of these operations. He delayed decision, hoping for a "break" that would make the playing easier...
...remnant of Third Liberties which the notes were issued to meet was some $970,000,000. Secretary Mellon's dislike of the high-rate situation was reflected in the small amount of the new issue. Only $525,000,000 were authorized, whereas $600,000,000 or more had been confidently predicted by Wall Street. The balance of the Treasury's September bill, which with interest on the public debt will amount to some $1,040,000,000, must be met by September income tax receipts...
...which there would be no Negro. But Robert White Lanier, a 20-year-old Negro youth from Brunswick, Ga., via Jersey City, thought differently. He is evidently one of those youths filled with the spirit of adventure, since he had hiked across the continent some time before. At any rate, he concealed himself aboard the City of New York, and was not discovered until the bark was well out to sea. He had stayed in his hiding place for several days without food and had withstood the danger of asphyxiation during the fumigation of the ship prior to its departure...
...Manhattan offices of the Guaranty Trust Co., last week, Delegate Pancake conferred with fellow delegates, viewed with alarm a proposed change in cable rates. Up for discussion at Brussels will be the "Cortina report," recommending that code words be limited to five letters instead of ten, the cost of sending a 5-letter word to be 68% of the present 10-letter rate. Thus Mr. Pancake's hypothetical cable would read
...Pancake's supposititious cable was written in the code of the Commercial Cable Co. (I. T. & T. subsidiary). This code consists of 5-letter words, which can be joined in pairs to enjoy the 10-letter rate. But it could be deciphered by anyone with a code catalog. If Mr. Pancake had wished to be cunning and sly, he might have agreed in advance to use the catalog in this way: Instead of sending the word OCDIV ("Have received no letter from you since . . ."), he might have chosen the fifth word following, OCEHE, and so on throughout the message...