Word: umbrellas
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Dates: during 1930-1939
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...banker has been defined as a man who offers you an umbrella, then wants it back when it starts to rain. There has been plenty of rain this year in U. S. economic life and bank vaults are stuffed with umbrellas-$2,500,000,000 in excess reserves. Last week this familiar situation was attacked from a new angle by Chairman Marriner Stoddard Eccles of the Federal Reserve System. Mr. Eccles is a smalltown banker from Utah and so ardent a believer in New Deal theories of credit control that he has often been a White House spokesman on them...
While Hankow thus bubbled with confidence, Japanese installed at Nanking last week yet another Chinese Government, composed of the merest puppets. Chinese whose names mean almost as little to the Chinese people as Joe Zilch. This outfit, as the Japanese put it, will be "under the umbrella" of Nanking. The business community in Shanghai, both foreign and Chinese, exhibited no sympathy but much relief that there is now a Nanking Government which will get paralyzed currency exchanges going again. Last week the currency situation was such a desperate muddle that a few days after the native dollar was quoted...
...illuminated umbrella for pedestrians on highways...
...Umbrella...
...spurred through Congress in its closing days. To domestic growers, both cane and beet, the Bill provided continuance of the quota system limiting raw sugar imports, as well as cash benefits to be paid from a ½?-per-lb. processing tax, and the President was reconciled to holding an umbrella over the growers in the form of a domestic price about three times the world price. But he strenuously objected in principle to that part of the bill which for the benefit of mainland refiners severely restricted imports of refined sugar from Hawaii, Puerto Rico and Cuba (TIME...