Word: york
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
Married. Rachel Spender-Clay, 21, of London, granddaughter of the first Lord Astor (the late William Waldorf Astor of Manhattan); and the Honorable David Bowes-Lyon, 26, brother of Elizabeth, Duchess of York; in London...
...fortnight ago, when his "Coherent Field Theory" was finally printed (in a six-page pamphlet), he wrote a 5,000-word explanatory article for the New York Times. That article brought him several thousand dollars. The money was useful, for the Einsteins are, like most scientific families, comparatively poor. Not much income ensues from his professorship at the Academy of Sciences or from his directorship at the Kaiser Wilhelm Institute for Physics. Yet the Einsteins, if they were really in need, might look with confidence to their very rich relatives, the Kochs and Dreyfuses of Germany and France. They...
Coincident with the Reserve Board's statement came the announcement that the Bank of England had raised its rediscount rate from 4½% to 5½%. With the New York rate at 5% the effect of this change will be to decrease the flow of gold from England...
Refusal of Loans. It is therefore very debatable whether any Federal Reserve bank would or could refuse a loan to a member in good standing. Says W. Randolph Burgess, assistant Federal Reserve agent in New York writing of the Reserve System in 1927*: "A Reserve bank cannot tell from the nature of its loans what its money will be used for. . . . It is thus impossible for a Reserve bank to dictate how its credit shall be put to employment. . . . The specific use of credit is the business of the individual member and nonmember bank. . . . What the Reserve banks do primarily...
...ideal rediscount rate is a rate that is high enough to discourage speculative borrowing and low enough to encourage industrial borrowing. The determination of such a rate is obviously a delicate matter involving many considerations other than bulls and bears alone. The New York rediscount rate has, however, been raised three times in the last year (though without any withering effect on the market), t was not raised following the Reserve Board's proclamation of last week...