Word: silver
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Dates: during 1930-1939
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...much cotton that folks are half naked. So much housing that in Chicago women are sleeping in parks. . . . Too much of the national income goes into the hands of a few. ... A handful of men with their spare cash could buy the output of all the gold and silver mines of North America and many a sovereign State has a smaller income than the net profit of a single industrial magnate...
...will be able to offer drink, etc. to thirsty Britons cheaper than Spain, whose peseta is semi-stabilized on a gold basis. Gold Standard-"Cross of Gold?" Sacrosanct to most bankers though the Gold Standard is, rumblings came from some quarters last week remindful of William Jennings Bryan, "free silver," "16 to i" and "You shall not crucify mankind upon a cross of gold!" In Colombia, harassed President Olaya Herrera decided that his country's burdens are too great to bear on a gold basis. Congress at his behest rushed through legislation similar to Britain's, barred gold...
...crystalized at a meeting of prominent British merchants. Chief speaker: Sir Hugo Cunliffe-Owen. Sir Hugo is tall, staccato, persuasive. As chairman of British American Tobacco Co. Ltd. he has intimate export contact with that half of the world where coin is not gold or gold-backed paper but silver, the East. Roundly Sir Hugo declared that the gold standard countries of the West must increase the purchasing power of silver (now at its all time low) in order to release the latent, stupendous buying power of the East. How do this? Sir Hugo admitted that he could think...
...They loaned the Bank of England approximately $643,000,000 (TIME Aug. 17 et seq.) which proved not enough to keep the pound on gold. * Bryan's ratio was 16 to 1. Today an ounce of gold will buy approximately 70 oz. of silver...
...Combined circulation of Tower group: 1,330,000; of Modern group (exclusive of newsstand sales): 657,000. †Grand-Silver Stores Inc., McCrory Stores Corp., McClellan Stores, G. C. Murphy Co., Neisner Bros. Inc., J. J. Newberry...