Word: redeeming
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Dates: during 1940-1949
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...childishly simple. The British and American armies needed currency when they invaded Europe. So the Treasury had agreed to print invasion lire for use in Italy, invasion marks for Germany. The real beauty of the plan, in Morgenthau's view, was that the U.S. would have to redeem only the currency the Army used to pay soldiers. The Italians and Germans would be stuck with currency spent for food, supplies, etc.; redemption would be part of their reparations...
Secretary Marshall's program has indicated thus far that Germany will be allowed to eventually redeem herself rather than be crushed under the terms of a Carthaginian peace, but that she is not to be pampered nor permitted to break loose again down the road to totalitarianism. However, it is difficult to see how this program is to be implemented if the occupying powers, as the Secretary suggests, reduce their forces below the present strength. Redemption can come only under strict supervision. Democracy is just a word to the German today, and it will never become more merely by flat...
...proportion to their following, concentration camps must be abolished, and a definite program to educate the masses introduced before Americans can justify the use of their guns to kill Chinese people in the name of "democracy." Failing in that, it would be far better for the United States to redeem Roosevelt's pledge to get out of China than support a questionable government for suspiciously economic and political reasons...
With its new outside capital the company will redeem $5,150,000 worth of outstanding preferred stock. The balance it will probably use to build bigger plants, market new varieties. Prospective investors, getting their first look inside the Heinz door, saw an appetizing sight. Last week Heinz reported that sales for the year ending last April 30 were $114,150,564. Net profit, $4,052,084, one of the best in the company's history...
...minor ways Mr. Strauss has its rewards: Virginia MacWatters-bright coloratura, stray bits of George Balanchine choreography, Harold Lang's dancing. But these things merely relieve the monotony; they do not redeem the show...