Word: steps
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Dates: during 1930-1939
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This seems a small thing, definitely out of step with the Administration's clever and liberal handling of public relations. Mr. Roosevelt's appeal is to the heart as well as the mind. The success of the New Deal depends entirely upon public support. When Mr. Roosevelt becomes "just another President" the fires of patriotism and sacrifice will die, and expediency and self-interest gain the upper hand...
...this is, of course, merely the first step in a new diplomatic policy which will aim to counteract the friendliness for the Soviet which has sprung up recently. It will probably not be eventually successful because the essential Japanese demand which cannot be disguised--a free hand in the Far East--is not acceptable to the powers. It may, however, have the effect of postponing the Russo-Japanese war which is now accepted as inevitable, while the Japanese try to change the international balance which is now so heavily weighted against them. NEMO...
...substance of the President's money message to Congress: 1) To issue no more gold coins; in future to keep all the monetary gold of the U. S. in the form of bullion [big gold bars] which will be used only in settlement of international trade balances. This step, generally foreseen, caused no surprise. Since gold coin is in little demand except in times of crisis and at such times goes into hoarding, it is worse than useless to the nation as a whole. 2) To have the Treasury take all the gold in the Federal Reserve Banks...
...Step into my parlor and I will buy some of your preferred stock." So the RFC urged U. S. bankers last September. By last week over 4,500 banks had stepped into the RFC parlors. Only a few big banks had, like Manhattan's cautious First National, declined the invitation in toto. Most of the other big city banks at least put one foot into the parlor by selling the RFC a minority stock interest. But Chicago's Big Continental Illinois National Bank & Trust Co., trusting Jesse Jones's oft repeated promises that the RFC would...
...Eastman, the railroad coordinator, included in his report the suggestion that government ownership of railroads was in the long run desirable, but that at present, the step might be inadvisable because of personnel problems and the economic condition of the country. No one can deny that it would be dangerous for the government, because it would be dangerous for anyone else, to purchase the railroad plant of America during a depression. Politically, on the other hand, the transfer can be made with less friction when the railroads are losing money than when they are profitable. The crux of this matter...