Word: hoarding
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Dates: during 1950-1959
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...Chile, back in the open copper market after failing to get a high-price contract to sell its copper to the U.S. Government, sold 10,000 tons of its 100,000-ton hoard at the going U.S. price...
...hoard of paintings, manuscripts and other valuable art objects, valued variously at $4,000,000 to $8,000,000, represents 40 years of dedicated collecting by Thomas Gilcrease, 63, part Creek Indian, who struck it rich after oil was discovered on the 160-acre Gilcrease tribal allotment in 1906. Proud of his Indian blood, Tom Gilcrease set out to assemble a monument to the American past, and over the years collected examples of the best works of the painters of the U.S. frontier: George Catlin, Frederic Remington, Charles Russell and some 250 others. He also bought masterpieces by Homer, Whistler...
...debt could easily spill over. So Humphrey dug into the Treasury's "free gold"-the profit realized in 1934 when President Roosevelt devalued the dollar (by increasing the price of gold from $20.67 to $35 an ounce). Using $500 million of the $1 billion left in the hoard, Humphrey bought U.S. securities from the Federal Reserve System and cut the debt by $500 million...
...China not with detachment but with lively sensibility. As for the world entire, the great globe itself, they would talk less of balancing the unbalanceable and more of rolling back the intolerable. They would discover the practical demand for moral principle in politics and supply it from an ample hoard in their own past. Milton's name would ring out, and Hampden's. The responsibility that now shapes U.S. policy would fashion theirs into its weaker twin...
Henry Ford never threw anything away. Fair Lane's store will not only enrich future biographies of Ford; it is also a great hoard of source material on the history of the auto age. Archivists have still studied only a tiny part of the collection...