Word: resignation
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Dates: during 1920-1929
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...millions. Then suddenly jovial Dr. Hilferding was jerked up short by brusque Dr. Hjalmar Schacht, President of the Reichsbank. A watchman of Germany's cash drawer, Dr. Schacht barked that he would not O.K. the loan. Scareheads in the Berlin press screamed that Dr. Hilferding would have to resign because now his budget would not balance. There were predictions that the Cabinet was due to fall...
Appointment Declined. Dr. Howard Chandler Robbins, onetime Dean of Manhattan's Cathedral of St. John the Divine; to be Protestant Episcopal Bishop Coadjutor of Southern Ohio. Reason: He was lately elected to the chair of Pastoral Theology at General Theological Seminary. "I feel that I should not resign this post except for overwhelming reasons...
...George's Church has intransigent traditions. One of Dr. Reiland's predecessors, Dr. William Stephen Rainsford (rector 1882-1906), had many a difference over church affairs with his senior warden John Pierpont Morgan (father of the present J. P.) and was finally forced to resign because of his too-liberal beliefs. After Dr. Rainsford's resignation, Financier Morgan presented him with a house in the country, near Ridgefield, Conn., where he still lives, snowy-haired, patriarchal, surrounded with trophies of his big-game hunts...
...That corporations which had loaned money "on call" to speculators had contributed more than any other group to an unsound financial situation because many a corporation promptly called in its loan at the first sign of trouble. Five directors of one corporation threatened to resign last week if their company should call its loan. These directors took the honorable position that having once loaned its money to the stockmarket, the corporation should stand by the market so long as its loan was adequately protected by collateral...
Though led by Briand, greatest statesman of the Left, the Cabinet was really the old coalition Government of Prime Minister Raymond Poincaré, "The Lion of Lorraine," greatest statesman of the Right, who was forced by illness to resign on the eve of the Hague Reparations Parley (TIME, Aug. 5). Left cannot lead for long where Right has led. In the Hague emergency M. Briand accepted the thankless, tightrope-walking task. Last week with the curt frankness of an aging, tired man, he told the Deputies that he knew they would soon oust him, begged them in the name...