Word: sopped
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...British taxpayer was concerned, there was only one encouraging word in the Budget, that was Beer. The income tax remained at its old basic tax rate of five shillings in the pound-25%, the highest income tax in the world, though Chancellor Chamberlain offered a slight sop by restoring the old method of collecting in equal half-yearly installments instead of demanding three-quarters of the tax in January, one-quarter in July. The beer tax was reduced a penny a pint and brewers announced that this reduction would be passed on to consumers immediately. Another dispensation was permission...
...President will accept up to $100,000,000 in silver as payment on War debts at a rate of not more than 50? an ounce. This sop to boost the silver market holds good for only one year. The silver payments will be used for coinage to back an issue of silver certificates...
...order creating the C. C. C. and providing it with $10,000,000 as a starter. Appointed Director of Emergency Conservation Work (salary: $10,200) was Robert Fechner, 57. of Massachusetts, a vice president of the International Association of Machinists. The selection of this tall, austere Laborite was a sop to the A. F. of L. and its opposition to $1-per-day relief work...
...himself as the others were by the failure of his banks. He is prepared to defend himself. Still another consideration takes away some of the exhilaration that this attack on the "money-changers" would ordinarily cause. It seems only too probable that it is being offered up as a sop to the Western wolves. Since the days of the Populist movement and before, any anti-Wall Street steps have been hailed with glee by God's countrymen. It may be that Morgan, after a widely publicized prosecution, will be fined for walking on the grass or for missing an item...
Publishing the names of the banks to which the Reconstruction Finance Corporation extended aid has been characterized as a "vicious action" by Senator Atlee Pomerene, erstwhile mentor of the relief organization. He argues that the publication was in the nature of an unwise and unnecessary sop to public curiosity, and might have succeeded in undoing all the good that the loans had achieved. The unequivocal anger of his remarks indicates that he had operated under the misapprehension that no transactions were to be divulged, and that he views the public statement in the nature of a personal betrayal...