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There was a rapid sequence of events this past week in the financial and trade world. Accompanied by feverish speculation, cotton surged forward almost to the frequently predicted price of 30 cents. Although the volume of transactions in stocks decreased, prices were irregularly strong. Bonds in general turned downward under advancing money rates. In Germany the printing presses rendered colorless previous superlatives of financial writers by adding in the single week 450 billion new Reichsbank marks!! Some ingenious mathematician has computed that at this rate 1923 would see outstanding marks break into the quadrillions-an achievement beyond the power...

Author: /time Magazine | Title: Finance: Hopefully Complex | 3/3/1923 | See Source »

...last of these four great shortages was a somewhat general shortage in many lines of the thousands of articles sold in stores. This shortage has been gradually developing since prices broke in the spring of 1920, and started on their long downward course that continued to the early months of 1922. When prices are falling merchants purchase goods in as small amounts as possible, because they do not want to take the losses that would result if the market value of the goods should drop before they could sell them. For nearly two years the wholesale purchasing of the country...

Author: NO WRITER ATTRIBUTED | Title: FULL-FLEDGED PROSPERITY IN 1923 PROPHESIED BY COLONEL L. P. AYRES AT ECONOMIC RESEARCH DINNER | 10/23/1922 | See Source »

...things he is only too ready to excuse in himself. In fact he is prone to believe that the rivals by whom he is measuring himself are a little worse than they really are. The tendency in any community where such a habit prevails generally is downward. The only way to lift the world is for men of character to act up to their principles, although it be to their own loss; and by their example provoke others to do likewise. A good example is as contagious...

Author: NO WRITER ATTRIBUTED | Title: "MEN OF CHARACTER MUST ACT UP TO THEIR PRINCIPLES" DECLARES PRESIDENT LOWELL | 6/20/1922 | See Source »

...indeed, be sufficient to lift him above the feelings of indigence so destructive to free thinking. He may avoid commencement oration, Phi Beta Kappa addresses, the conferring of honorary degrees faculty meetings, examinations, and pestiferous students. No Carnegie pension lulls him into cheap security and carries him gently downward to the serene futility of a retired Indian civil servant. He can teach in the great forum of the wide world, and as a laborer he is worthy of his hire. Why, then, should the teacher burden himself with academic routine and with slavery to adolescence when he has a thousand...

Author: NO WRITER ATTRIBUTED | Title: COMMENT | 5/19/1922 | See Source »

...time more stable, than is the case at present; the chief feature of the amendments is that the President would have very broad powers. Provision for this is made in the first amendment suggested, which "states that the President shall have authority "to modify tariff rates either upward or downward, within prescribed limits and in accordance with definite rules laid down by Congress, so that the rates may at all times conform to existing conditions". The other provisions are of secondary importance; the first allows for American or foreign valuation, according to the reliability of the foreign rating; the second...

Author: NO WRITER ATTRIBUTED | Title: PRESIDENTIAL TARIFF | 4/13/1922 | See Source »

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