Word: wall
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Dates: during 1930-1939
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Ever since greying Harvard Professor Oliver Mitchell Wentworth Sprague became Economic Adviser to the Bank of England (TIME, Jan. 27, 1930), he has kept his mouth shut. Hearstian suspicions that he might be Wall Street's go-between in maneuvers to scale down Europe's War debts to the U. S. have slowly died out. Last week Professor Sprague, now an accepted and respected figure in "The City" (London's financial district), created a stir by stating his conviction that Prosperity can be restored in industrial countries by creating a demand for a new product-such...
...hurly-burly of day-to-day U. S. life, the Supreme Court is not unresponsive to the shifting economic thought of the nation. Its membership changes with tim and so does its concept of the law. New ideas, like cosmic rays, have a way of penetrating its ancient wall of detachment and starting little legal revolutions in its august consciousness. Many a sage observer believes that the Supreme Court today would reverse itself on child labor, would find a way to sustain minimum wage legislation...
...Shanhaikwan, frontier city between Jehol and "China Proper" (Chinese of course consider Jehol and all Manchukuo part of China), the Japanese spoke their minds memorably. "We can assure the world we have no intention of advancing a foot beyond the Great Wall," said Japanese General Suzuki who was at that moment sitting well inside the Great Wall in Shanhaikwan at 40° below zero. "We have nothing to be ashamed of. The Chinese must come to us on bended knee...
...about St. Louis. Big banks in the downtown district, well fortified with cash, were not affected although they stayed open far into the night receiving deposits brought in from the suburbs, cheerfully paying out cash to all who asked. One by one the little banks went crashing to the wall. On Monday of this week eight failed to open for business, making the total 16. Deposits of $12,000,000 were tied up tight. In the last batch to go was the Scruggs, Vandervoort & Barney Bank, affiliated with the famed department store. The outlying banks that still remained open clamped...
...Wall Street has heard for some time that First Security's directors-John P. Morgan, Thomas W. Lament, Myron C. Taylor, Walter S. Gifford, Arthur Curtiss James. Harold S. Vanderbilt-stand ready to bolster the company if creditors grow impatient...