Word: gold
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Dates: during 1930-1939
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...upon proclamation by the President of an emergency. The Commodity Exchange Administration has control over grain futures markets, can set permissible limits beyond which no future can rise in a single day. And the President, in addition to his power to cut he dollar to 50% of its old gold-standard ralue (it is now 59%) has the power to regulate or prohibit all dealings in foreign exchange...
...Great though their take is, because of inefficiency the industries of distribution as a whole are no gold mine for those engaged in them. ". . . The elimination of the net profits of distribution all along the line from primary producer to consumer would result in an average saving of no more than three cents out of every dollar paid by consumers for finished goods." The research done, ten economic bigwigs were asked to confer, formulate a "program of action." They nibbled like scared mice at the big cheese of distribution, recommended: strict accuracy in labeling and advertising, consumer education, commodity research...
...that time, too, Promoter Hunt, a former president of Iowa State Agricultural College, had formed Oriental Consolidated Mining Co. with the aid of British capital and U. S. engineers, was mining gold. His British bankers, however, believing their own engineers' reports that the enterprise was worthless, unloaded their Oriental holdings on the English public. Six years later they found they had made a tactical error. Since 1903 Oriental has grossed an average $3,000,000 worth of gold a year, paid $14,379,395 in dividends...
When Japan stopped fooling in 1910, annexed Chosen and gave Li-Hsi's successor his walking papers. Oriental Consolidated was the oldest, biggest, richest, gold mining company in the Orient. Japan wryly observed the provisions of Oriental's charter: for payment of Y25,000 (about $8,500) annually to the Chosen Government, the mining company was free from all taxes, import-export duties. Eight years ago Japan got tough, embargoed gold exports, forced Oriental to sell gold to her at prices below the world market, paid off in unsteady Yen. Last week Oriental, last big U. S. concession...
...weeks. Accustomed to an average dollar annual dividend on their 429,300 shares, stockholders will now have to trust that Yokohama Specie Bank will repay their capital in the next four years. But with Japan intent on squeezing all Occidental enterprises out of Asia, and particularly keen to get gold for her nearly empty war chest, this looked like a far better risk than a gold mine in Korea...