Word: reserveâ
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...case of Britain, France, Italy and Belgium?but, according to Article Six, by "Messrs. X, acting in place of the Bank of Japan, and Messrs. Y of New York." Of course "the Messrs. Y" will be J. P. Morgan & Co. Thus without putting up a cent the Federal Reserve???traditionally in closest touch with the House of Morgan ?will have a major "phantom stake" in the Bank. The same arrangement appealed to cautious, bespectacled Emperor Hirohito of Japan, who, by advice of Prime Minister Yuko Hamaguchi, prefers like President Hoover to keep-the-government-out-of-business. Japan...
...London she has been affectionately called for generations "The Old Lady of Threadneedle Street." In all her life she has never kept a favorite as long as the nine years she has kept Montagu Collet Norman. Courtier Norman was defending his Old Lady against concerted attacks on her gold reserve???especially against the attacks of ungallant Neighbor France...
Cleveland's big day?Case vs. Western Reserve???brought rest to scorekeepers. All they had to write was two fat zeros...
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