Word: hoarding
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Dates: during 1930-1939
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...members of the Secretarial Heard are; Norman N. Griffith '42, Alexander H. Pollack '42. Rolaud E. Shaine '42; elected to the Buetness Hoard were; Lawrence E. Shulman '41, Stafford McLean '43, and William P. Beruton...
Long before the 1938 recession gave U. S. -Japanese trade a final shove down grade, indignant U. S. buyers had begun to boycott Japanese goods, and long before the rape of Nanking Japanese sellers began to feel the pinch. Since Japan had only a pipsqueak gold hoard (published reserve then $261,000,000, now close to zero), Japan's merchant salesmen had to sell more goods in the U. S. before Japan's buyers could get more money to spend in the U. S. market...
...previous year, 69.4% less than the high of the 20s (10,927,000 bales). To top this, the Census Bureau announced its count on the U. S. carryover of cotton: a record total of 13,032,611 bales, up 1,499,172 from last market year's hoard...
This venerable body, founded by Benjamin Franklin in 1727, became suddenly rich in 1931 when Dr. Richard Alexander Fullerton Penrose of Philadelphia, geologist and mining engineer, left it nearly $5,000,000. It distributes income from this hoard as grants in aid of U. S. research. President of A. P. S. is Roland Sletor Morris, onetime U. S. Ambassador to Japan. Mr. Morris is a busy man. He has a law practice, teaches international law at University of Pennsylvania, is interested in sociology, Pennsylvania politics, collecting U. S. debts from Russia. Three years ago he asked Conklin to take over...
...Except for normal commercial transactions and British Government payments for arms purchases, Britain, possessor of the world's No. 2 gold hoard (about $3,000,000,000 plus the hidden treasure of India and the mines of the Rand), will no longer add to the top-heavy U. S. gold cache ($15,867,000,000), some 60% of the world's supply. This means that English speculators will no longer be free to unload gold, which is of no present use to the U. S., in exchange for valuable U. S. securities and commodities...