Word: fund
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Dates: during 1930-1939
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Bishop Ablewhite had, according to the Tribune, discovered shortages in diocesan funds soon after his consecration in 1930. One fund, which had shrunk from $40,000 to $30,000 was in the bishop's discretion to invest as he liked, and use for good works of any kind. In an attempt to recoup the losses, the bishop became involved with a promoter, one Harry S. Lyons, who called himself a onetime Navy captain. For a time Lyons made money for Bishop Ablewhite, and during these palmy days the two, sometimes with their wives, frequented Chicago nightspots. Finally, said...
Repercussions continued. Unpurged Millard Tydings of Maryland tried to add to the Spend-Lend Bill a rider prohibiting any organization from contributing to a political campaign-fund any money not specifically assessed for that purpose. (This was aimed at the famed $470,000 loan by Lewis' United Mine Workers to the Democratic party...
Last March British and Chinese bankers, partly backed by the British Treasury, up a $50,000,000 exchange stabilization fund, pegged the Chinese dollar at 17? A surprisingly stable currency the dollar retained its value despite Japanese currency raids, Chinese military de^at" apanese political pressure on Great Britain. But last week in Shanghai political and economic pressure worked together for the first time. To check a flood of Japanese-sponsored Hua Hsing Bank notes known as "H. H. dollars," in Shanghai, the stabilization commission stopped supporting the dollar, let it "find a level more in keeping with its natural...
...Deal Ideas. In 1932 Wendell Willkie gave $150 to the Roosevelt campaign fund. The time came when he announced that he would like to have it back, but that was later. For Willkie and Roosevelt had quite a few ideas in common. Willkie made no attempt to hide his opinion that business had sinned in 1929 and should take its punishment. He plumped for Federal regulation of holding companies, conceded that utilities that bought Federal power should be subject to Federal regulation of rates...
Hemmed in by Government competition, the utilities were cut off from new capital markets. Wendell Willkie cried out for private operation Binder full Government supervision. In vain. He advocated a revolving fund of $100,000,000 to finance private rural expansion, promising low rates if big-scale operation were made possible, while other bigshots in the utility field cringed at the rumpus that Willkie kicked...