Word: redeemability
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...Allied soldiers invading Sicily in July 1943 carried paper money that resembled cigar coupons. On one side was printed "Allied Military Currency," on the other the Four Freedoms (TIME, Aug. 23, 1943). Washington, for the next 15 months, did not even hint who would redeem the $350,000,000 worth of invasion money (pegged rate: 100 lire to a dollar) which the U.S. and Britain subsequently issued in Italy. Said Treasury Secretary Morgenthau cryptically : redemption was a matter for the peace table...
...awkward, gangling lubber beside the driver gravely touched his two-star cap. General Charles de Gaulle, Commander in Chief, had come to watch his countrymen redeem themselves in the fierce last round of the battle for Italy. For the Frenchmen and noncoms (if not for the dark Goums, shiny Senegalese and swarthy Algerian riflemen who fought with them) it was the start of the battle for France...
...churches, he thinks, can redeem themselves in the eyes of the returning servicemen and win their loyalty if they will cultivate three attributes...
...Good Neighborly propaganda was also embarrassing to Joseph C. Rovensky, No. 2 man of the Rockefeller Committee, who will soon resign to return to his old job as a Chase Bank vice president. Fortnight ago Rovensky suggested the huge dollar balances in Latin America be used to redeem defaulted bonds. The Bolivian loan has been in default since 1931. Financiers pointed to that fact as justification for the 7% rate...
...Ickes did not want the job. But if he resented being second choice, he did not show it. It was more likely that ambitious Paul McNutt, who has been no ball-of-fire at the job to date, welcomed any fair chance -as first, second or tenth choice-to redeem himself...