Word: sidesteps
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Dates: during 1930-1939
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...last week the Foreign Bondholders Protective Council, a wholly private agency sponsored by President Roosevelt to sidestep the international embarrassments of Title II of the Securities Act, had two solid achievements to its credit...
...holders of $2,000,000,000 of defaulted foreign bonds, Congress last spring voted $75,000 to establish a Government protective committee. Secretary of State Hull, who did not relish the U. S. Government in the official role of an iron-fisted dunner, persuaded President Roosevelt to sidestep this provision of the Securities Act by sponsoring a potent, but purely private, protective agency (TIME, Oct. 30). Last week the Foreign Bondholders' Protective Council completed its organization, prepared to swing into action...
...Rankin Co., MacManus, Inc.). With $250,000 capital he formed Goodwin Corp. His scheme is to build up a consumer market hy getting church people to sell products on commission. The church-going salesladies get 2% "remuneration"' which they "may" turn over to their church-a technicality to sidestep restraint-of-trade statistics. Wrappers or sales slips establish proof of sale. The manufacturer whose product is thus sold agrees to spend at least 3% of the additional volume of sales on newspaper advertising in the locality covered. The manufacturer also agrees to pay Goodwin Corp...
...Secretary Hull persuaded President Roosevelt to sidestep Title II. And last week it was announced that an "American Bondholders Protective Committee," with the blessing of the State Department, had held its first meeting. After discussing ways & means of collecting on $2,000,000,000 of defaulted foreign issues held by U. S. citizens, the committee adjourned to the White House for a Presidential blessing. In a long press release, the point was carefully made that although "the Government will seek to give such friendly aid as may be proper under the circumstances," the committee was purely a private affair...
Secretary Wallace took an opposite view. He wanted to sidestep the law of 1875, pay cotton planters $100,000,000, wheat growers almost as much as a direct means of upping agricultural purchasing power. He feared a rural revolt against all future crop reduction plans if farmers did not get quick cash for their cooperation...