Word: blowed
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This moratorium was no surprise. Wall Street has expected some sort of Hungarian moratorium for months. The fact that it turned out to be only a "transfer moratorium," with pengo payments continuing to pile up in Hungary, softened the blow. But a blow it was. U. S. bankers have extended and U. S. investors hold roughly 25% of Hungary's short-term credits and bonds. On the total U. S. investment of $179,000,000 the loss or postponement of interest and sinking fund charges during 1932 will approximate...
...nine months or more to prepare. Because it takes about a week for the House to organize its committees and get down to work, there was no legislation ready to dig into. Therefore after electing a Speaker and liberalizing the rules, Democratic leaders turned the House loose to blow off political steam for three full days. Technically the members were debating the President's message on the State of the Union. Practically they were giving an exhibition which clearly indicated the political temper of the session ahead. Excerpts from last week's House debates...
...fellow prisoners in Siberia, that under a rough exterior many criminals had really extraordinary qualities. He conceived that man might become noble through sin. When Raskolnikov, the young student in "Crime and Punishment," murdered two old women through a Napoleon ambition to transcend all human values at a blow his final defeat was not attributable to the sinfulness of the act, but rather to his lack of fortitude in self-justification. Dostoevsky was not irreligious. At bottom he had a primitive kind of Christianity, which thought man became great through suffering. Furthermore, since man was naturally evil and irrational, there...
...modern scene, "All the country shall be in common and on the White House grounds shall my palfrey go to grass." Senator Johnson of California must, in his low moments, we are sure, turn to King Lear for comfort, quoting with feeling the old king's bitter cry, "Blow, blow, thou winter wind, thou art not so unkind as man's ingratitude...
...have already paid out more than $20,000,000" said he, "and that during hard times. To be forced to pay out an other vast sum at one blow would be catastrophic...