Word: argument
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Dates: during 1920-1929
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Hair-pulling, face-scratching, back-biting?such effeminate methods of settling an argument are not for the dashing beauties of the Danube. At dawn last week two Budapest ballet dancers, Mary Radvanny and Sussanne Winghardy, rivals for the favor of a stalwart young Budapestian, repaired to a clearing in a secluded wood near the city. A friend went with them, carrying a long green baize bag. Soon the clearing echoed with the harsh scrape of steel, the clear ring of blade ion cup hilt. The enraged beauties engaged in no vapid stabbing of the air. Like most able dancers, they...
...Republican leader felt that the Debenture Plan affected revenue, and therefore invaded the House's constitutional prerogative to initiate this kind of legislation. But the Farm issue temporarily overtopped the Constitution. Chairman Snell of the House Rules Committee put it thus: "If we should start some Constitutional argument here, the people wouldn't understand and we couldn't make them understand. They want Farm Relief and they want it at once." Chairman Snell therefore prepared a rule to receive the Farm Bill from the Senate and send it to conference with this proviso: "In the opinion...
...cane sugar, used chiefly for making industrial alcohol. The present duty on blackstrap is about ¼¢ per gallon. The new duty would average between 1¼¢ and 2¢ per gallon, depending upon the sugar content. Farm groups forced this increase on the Ways & Means Committee by the argument that a higher levy on this imported article would turn the alcohol manufacturers to domestic corn as a base for their product...
Rediscount Collateral. The fourth and final main argument of Mr. Simmons was the somewhat startling suggestion that the Federal Reserve System (the twelve parent banks) be allowed to rediscount stock market loans. Stock market securities are not accepted as collateral at the twelve Reserve Banks, which must make their loans on government or open market paper. But, maintained Mr. Simmons, the supply of restricted securities on which the Federal Reserve System can make loans is rapidly dwindling. The government is paying off its national debt at the rate of a billion dollars a year, and "in 15 years there...
...Standard argument of the investment trust is the alleged inability of the individual to choose stocks wisely. Let older and wiser heads, operating with large amounts of capital (runs the argument) do your investing for you. Then to you the poorhouse will never beckon, and at your door no wolf will ever howl. Logical, in many ways, is this theory (though it involves faith, hope and occasionally some charity regarding investment trusts and their management) but many a U. S. investor, doggedly individualistic, will doubtless continue to pick his own issues, watch his own ticker and, if necessary, lose...