Word: silver
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Dates: during 1940-1949
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...undramatic RFC Administrator Jesse Jones made no flowery speech as he handed over the money (although he did say, eloquently for a banker, "They can buy everything that humans need in everyday life"). Nor did modest K. P. Chen, Chinese banker who negotiated the 1936 U. S.-Chinese (gold-silver) agreement, the 1938 $25,000,000 Export-Import Bank loan, hail the new loan for the victory it was. Mr. Chen wanted to keep out of the limelight, minimize his part in the proceedings and get back to China as soon as possible. But because the European war has checked...
...Flouting common sense, the U. S. Government alone buys silver, supports the market with its artificial price...
Last week the Senators, still brooding over the necessity of 1) levying new taxes, or 2) upping the $45,000,000.000 statutory debt limit, were still thrashing around in agonies of indecision. Their eyes lit on the $1,500,000,000 "silver profit"-obtained from seigniorage*-and there they stuck, bedazzled by this vast sum of unspent "money." Unmindful of this, Ranger Townsend was riding high, in his cartridge belt fresh ammunition to blow to kingdom come the silverites' arguments. To protests that ending foreign purchases would bruise U. S.-Mexican relations, Senator Townsend could merely ask "What relations...
...fever in the tiny, damp-walled, smoky house of exile in Madeira to which the family had been banished. He called for his "Treasure Box"-a stationery case in which he kept pictures of his family, pressed Hungarian flowers, a lump of his native soil, a silver coin his father had given him, and several "secret" manuscripts. To the family priest he handed the coin, with instructions to give it to the poor. Then he unfolded and read over one of the papers: a daring plan which nine-year-old Archduke Otto had devised to restore the Habsburgs...
...young King Farouk sped last week to the Nile Delta. There, on the site of ancient Tanis, Professor Pierre Montet of Strasbourg had discovered the tomb of Psousennes I, second King of the 21st Dynasty (TIME, March 4). Last week, with Farouk watching, the professor opened Psousennes' silver mummy case...