Word: terme
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Dates: during 1930-1939
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...Congress' custom to make a farce of the term "deliberative assembly" in its last week, jam through more bills than it has passed in any previous week. But in the political year 1936 the 74th Congress, tardy because of its recess for the Republican convention and straining to be through in time for the Democratic convention, outdid most of its predecessors. Important bills enacted last week...
...among them had ever heard the term 'submarginal land' or worried about what would happen when the original soil played out or ran off to the ocean...
Even so, not a few Nicaraguans were worried lest this private political fight serve as an excuse for another term of U. S. occupation. Accordingly, a Somoza spokesman last week broadcast the plea: "Let us solve our own problems. Let us shed our own blood." U. S. Secretary of State Cordell Hull replied, to pointed inquiries from Chile and Peru, that the U. S. had no intention of intervening in Nicaragua for the sake of the U. S.'s puny ($13,000,000) investments...
Even Secretary of the Treasury Morgenthau did not really better Standard's figure when he announced the terms of the Government's June financing a few days later. Upping the national debt to a new high ($32,750,000,000), Secretary Morgenthau offered $2,050,754,400 in new securities-largest Treasury operation since the 1919 Victory Liberty Loan. One-half represented exchange offers for obligations maturing in the next few months, the rest an offering for cash, largely to pay the Bonus. Reflecting the new popularity of long-term Governments, the cash offer was divided into...
Another and more important reason for the Administration's easy money policy was to make Government borrowing cheap. Secretary Morgenthau is raising long-term money for 2¾%. His short-term financing is done at such low cost that it is actually cheaper than it would be to print and distribute greenback currency. Meantime, commercial bankers have had a curious change of heart about Government bonds. Instead of predicting the imminent collapse of Government credit through New Deal spending, they are now buying long-term Treasury issues as fast as they can. Government bonds have been pushed to record...