Word: snowden
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...women cried "Good old Mac!" as the tall Laborite and Daughter Ishbel passed through the Customs shed in grimy Liverpool. There were more cheers at London's grimier Euston station. But there was no such spontaneous, frenzied welcome from all classes as crippled Chancellor of the Exchequer Philip Snowden received when he brought home his piece of "Reparations Sponge Cake" from The Hague (TIME, Sept. 9). Mr. MacDonald was not "chaired" (carried in British triumph shoulder high) as was Mr. Snowden. In his empty hands he brought only Peace...
...Parliament's bull-of-the-week was made by famed Philip Snowden, crippled, drawn-faced Chancellor of the Exchequer. He referred to former Prime Minister Stanley Baldwin (now a mere Conservative M.P.) as "the Prime Minister," then clapped an anguished hand to his forehead as the House burst into goodnatured roars...
...tongue-slip was double, for in the absence of Laborite Prime Minister MacDonald, Mr. Snowden was himself the acting Prime Minister. Said he with a wry grimace. "It will take a little time for us to recover from old habits...
...friends, the brokers. "A statistician who has been always wrong"-"A man for whose opinion the market has no great regard"-"A chronic bear always predicting disaster"-were typical introductory sentences to Babson-flaying opinions. Last week the Market broke and the commentators either blamed the Hatry incident, the Snowden speech, the loans to brokers, or whatnot-or else conceded that stocks had been forced to artificial heights. Vindicated, Mr. Babson said nothing...
...bearish factor was a speech by Philip Snowden, British Chancellor of the Exchequer, which attributed the rise in the Bank of England's rediscount rate to the U. S. "Orgy of speculation." Bulls asked, "How much have British capitalists contributed to the 'orgy'? Did not the Hatry collapse indicate a similar orgy...