Word: worthlessness
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Dates: during 1920-1929
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Railroads? In 1920 Mr. Ford paid $385,000 for the control of the Detroit, Toledo and Ironton Railroad, and financiers said he was paying just exactly that sum for "worthless paper." The gross income for the first five months of 1923 is stated as being $4,156,877, which is more than the D. T. & I. took in during any of the full years 1916 to 1919. And the annual earnings for the road this year are figured at $1,530,000, which, allowing for all taxes, should give a net income of over...
German politicians, however, will not admit that it is this colossal manufacture of new currency that is causing the mark to seek the levels of the worthless Russian rouble. Instead, new and futile laws are being enacted against speculation in foreign exchange, and new and equally futile attempts are in process to somehow "stabilize" the mark exchange rate. At the present stage, it seems that either the German policy concerning the Ruhr must be abandoned, or else a political and social revolution in Germany must occur. The Ruhr occupation is proving expensive to France, but she can easily hang...
...attitude of Czecho-Slovakia toward Hungary. After he had finished his opponents said: " No one should know the disposition of his country toward another better than Dr. Benes, but when he resorts to choosing facts calculated to reveal Hungary in the most odious light, his assertions sink to the worthless level of propaganda...
...Action, Douglas Mc-Lean finds himself confronted with a lovely girl whom he would wed if she would let him. Her objection lies in the fact that he is one of those unfortunate mortals who are worthless except for two or three million dollars. Accordingly he sets out to make himself a man despite the money. The ensuing series of adventures are pleasantly entertaining...
...Heidelberg, when interviewed recently on the economic condition of Germany by a CRIMSON reporter. "The paper mark is held at its present value only by the deposit of one billion gold marks in the Reichsbank. If Germany should have to pay that out, the paper mark would indeed become worthless, like a Russian ruble. If this gold backing is kept in the bank, the mark will not depreciate much more, but it may never come up to normal again. Such a process may even require centuries...