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WASHINGTON-President Roosevelt today rebuked Congress for slashing $150,000,000 from his emergency relief budget and asked, in the name of "human decency," that the legislators restore the cut to stave off hardship and privation among 6,000,000 to 8,000,000 people...
What with depression, Seiberling Rubber still owed $2,350,000 in January 1937. But the banks by the terms of the indenture could not liquidate the U. S. Rubber collateral without first liquidating Seiberling Rubber Co. To stave off this threat, F. A. Seiberling arranged for Ohio Goodyear to take over the notes, a bookkeeping transaction to which the banks consented because the indenture was rewritten with the U. S. Rubber stock as first collateral. Edgar Davis consented because the banks agreed to lend Ohio Goodyear $500,000 for an oil venture Davis was interested...
...Schacht had been dispatched to England: 1) to persuade those interested in getting the Jews out of Germany to pay a "ransom" in the form of increased purchases of German goods; 2) to stave off Britain's threat to "fight Germany at her own game" for the trade in Central Europe and South America; 3) to get Britain to buy more from Germany than she has been doing...
...real purpose of Carol's visit was to wangle financial and political support for Rumania from the British Government and London financial circles. In the days before Munich, Britain and France were liberal with credits to the small States of Europe, in the belief that such grants could stave off German commercial expansion. But with the Munich Pact and British Prime Minister Chamberlain's open admission that it is Germany's natural position to dominate trade in the Danubian basin, Britain's purse strings have been pulled tight. Last week Carol reportedly asked: 1) loan...
Labor, its rights and wrongs, a lively campaign issue in most States, fared well with voters. A.F. of L. and C.I.O. combined to stave off drastic anti-picketing ordinances in California. Oregon. Washington. But Oregon approved a milder initiative proposal to outlaw picketing in jurisdictional disputes, restrict secondary boycotts, regulate union expenditures...