Word: remains
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Dates: during 1920-1929
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...holds court on his model farm, a Latin-American George Washington at a tropical Mt. Vernon. Seated under his favorite rubber tree, the blue-spectacled Dictator listened to flattering, impassioned pleadings. At length he relented, partially. No, he would never be President again, not he, but he would remain Commander-in-Chief of the Army, if that would please his people...
Died. Martin Maloney, So, of "Ballangarry," Spring Lake, N. J., utilities tycoon, Papal Marquis, onetime breaker-boy in Scranton's anthracite mines; when France passed laws forbidding religious orders to own property, Mr. Maloney bought nunneries and monasteries so the inhabitants could remain. He had a plan to settle the trouble between the Popes and Italy by buying a corridor of land from the Vatican to the sea. Pope Leo XIII made him a Papal Marquis, highest title ever given a U. S. layman...
...capital extant "than the country knows what to do with." The safe place for this capital is in the Stock Market, pictured as a kind of financial safety valve in which surplus funds may harmlessly be blown off. Mr. Simmons did not claim, however, that these surplus funds should remain in the call money market. If, said he, the corporations that are lending money on securities would instead buy those securities (that is, if a corporation bought 1,000 shares of stock instead of putting into the call money market $100,000 secured by those 1,000 shares) brokers...
...government or open market paper. But, maintained Mr. Simmons, the supply of restricted securities on which the Federal Reserve System can make loans is rapidly dwindling. The government is paying off its national debt at the rate of a billion dollars a year, and "in 15 years there may remain no Federal securities for the Reserve bank to purchase or lend upon." Open-market paper, too, has been "shrinking rapidly." Thus the Federal Reserve would sooner or later be forced to rediscount security collateral loans for lack of other loans upon which to exercise its rediscount facilities. It would have...
Both exhibitions will remain in view for two weeks, closing on the first of June...