Word: basicly
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Though his basic proposal had been scrapped by the Conference, Senator Pittman kept open house in his hotel suite for delegates of silver nations, worked furiously to get them to sign a "memorandum of agreement" to steady the world price of silver as a commodity. During a hectic day & evening he finally wrung signatures from delegates of seven other nations, the last to sign (just before midnight) being China's owl-eyed Dr. W. W. Yen. "This," cried perspiring Senator Pittman, "is the most dramatic moment of my life...
...Poona at a dusty 50 m.p.h. to face the executive committee of his All-India National Congress Party. The committee was restive, if not rebellious. Many of the Mahatma's followers feel that his fasts to impress Indians with the need of abolishing "untouchability" have left his more basic "civil disobedience" struggle against Britain far in the lurch. Since 1931, moreover, India has had a stern, strong-handed Viceroy- Canada's onetime Governor General, the Earl of Willingdon. His police have hounded civil disobedients so hard that last week the Executive Committee was in a mood to give...
Cotton was not the only agricultural product which was on the minds of the President and his Secretary. A basic credo of the New Deal is that you can raise the price of raw materials a lot without raising much the cost of the products they go into. The 30? per bu. processing tax on wheat, just effective, was passed on in toto to bread consumers. In Chicago and downstate Illinois, a 1-lb. loaf rose from 5? to 6?. The 24 oz. loaf, price 10?, was reduced to 20 oz. New York City was hit in the breadbasket when...
...devaluate all the world's currencies between 20 and 33%. (The dollar and pound were already in that range last week. ) By making the respective governments' gold holdings more valuable in terms of devaluated paper, such devaluation would permit more paper money to be issued against basic stores of gold and this money would be used to promote public works and cover treasury deficits...
...unprecedented pace, a strident prelude to National Recovery by Executive Command (see p. 12.). The percussions have been abundantly recorded in the cool abstractions that are indexes. Last week electric power production soared (for the sixth consecutive time), to 91.7% of normal. Steel production, most potent barometer of basic industrial activity, surged up another 3% to 47% of capacity, more than three times the rate last March. Bank clearings went to 6.3% above last year's volume. Carloadings in three months have risen from 20% below 1932 to 12½% above. Automobile production in May was the largest...