Word: contract
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
John & Sam. Pluming himself on superior financial morality, John Bull fairly screamed his abuse at Uncle Sam. "A calculated breach of contract!" shrilled the Financial Times which added: "The word default has an ugly sound but it is used deliberately with respect to the action taken by the U. S." Bumbled the Tory Morning Post: "It would be difficult to find a parallel for so unblushing and callous a breach of contract. ... It is almost unthinkable that Washington would repudiate the letter and spirit of the gold contracts in these bonds." Mocked the Financial News: "Iowa and the farmers...
...week that they were suspending gold interest payments. Their use of paper dollars would save them $500,000 per year in interest. A year ago the "gold clause" in domestic obligations, originated after the Civil War as a protection against "greenbackery," seemed legally impregnable, the very heart of the contract. Almost overnight President Roosevelt had swept it into the discard-and economic life went on about the same. Lawyers talked of taking a test case to the Supreme Court but admitted that their chief obstacle lay in proving that a bondholder had been actually damaged by being paid in paper...
...only be collected from the Government. President Machado became as effective a grafter as he had been a business man and administrator. The famed Central Highway was already under construction. President Machado acquired control of the stock of a construction company known as Warren Brothers, then awarded them the contract. They built the road at the magnificent rate of $120,000 a mile (similar road building costs about $40,000 a mile elsewhere in Cuba) which netted nearly $30,000,000 in graft for Machado & friends. Similar business with the new Cuban capitol building brought in another...
...Platt Amendment to the U. S. Army Appropriation Bill of 1901 provided in part: 1) that no foreign power should ever obtain lodgment in or establish control over Cuba. 2) that Cuba should contract no debt for which the revenues were inadequate. 3) that the United States might intervene to preserve independence, order, and Republican government, and to sec that Cuba discharged her obligations to other nations...
...removal of the position has been criticized for two reasons: in the first place, Mr. Harris has handled his duties in a thoroughly component manner, and has gone beyond the more letter of his contract, expanding and adding to this functions; in the second place, many feel that existence of the position as it now stands is necessary. The first of these points is indisputable; the second is largely disproved. The Adviser handles every year about ninety cases; he aids the visiting preachers in their work, and cooperates with the Cambridge clergy. These duties, as they stand, are not extensive...