Word: silver
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Dates: during 1930-1939
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...Last week occurred another momentous polit co-economic event. The U. S. collected 8% on its June 15 War Debt payments. Britain paid as a "token'' $10,000,000 in silver (at 50? per oz.) which the President declared was no default. That France was in default, no one could deny. Like six other debtors, she paid nothing...
...Finns last week shared honors when Finland paid: staunch, old President Pehr Evind Svinhufvud (properly translated "Boar's Head" not "Pig's Head") and smart, young Chairman Risto Ryti of the Bank of Finland. Scrupulous, they paid in full-$148,592. No fools, they paid in silver which cost Finland 36? per ounce on the world market last week but was accepted as worth 50? per ounce by the U. S. Treasury under the Thomas amendment to President Roosevelt's Agricultural Relief Act (TIME, May 22). Great powers which did not pay in full (thus placing themselves...
...representations and of the payment, I have no personal hesitation in saying that I do not characterize the resulting situation as a default.' " (Loud House of Commons cheers.) Speaking for himself. Chancellor Chamberlain wound up beaming, "I need only add that we propose to make this payment in silver [cries of 'Hear! Hear!']. . . ." Amid further cheering and compliments to President Roosevelt in which M. P.'s of every British party joined the House went home to bed. "The supreme merit of this arrangement," wisely observed the London Times, "is that it is neither default, which...
...burned to the ground. But the grizzled bon-vivant who had sold his drygoods store to Levi Leiter and Marshall Field because he thought his days were numbered, lived to see a new Palmer House become Chicago's first world-famed hotel. Its barber shop (floor studded with silver dollars) set the fashion for every first-class saloon west of the Mississippi. Gourmets of the 1880's smacked their chops over the Palmer House's saddles of venison and buffalo steaks...
...members of the Faculty of Arts and Sciences, at a meeting held in the Faculty Room of University Hall. G. L. Kittredge '82, Gurney Professor of English Literature, and member of the Faculty since 1890, made an address and, on behalf of the Faculty, gave President Lowell a silver cup which originally belonged to John Leverett, ninth president of the University...