Word: jointing
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WHEN the times are out of joint, it is evident that something is wrong with the structure of our present social and economic system. A situation in which millions of willing workers are without employment and destitute of the necessities of life, while close by farms and factories, throttled by over-production, are unable to dispose of surplus goods to those who are vitally in need of them, directly challenges America's economic organization...
Harvard is acting as host today to members of the American Physical Society and the Optical Society of America, who are holding their joint meeting in Cambridge. In addition to sessions for the presentation of scientific papers, members of the societies are inspecting the new Harvard Research Laboratory of Physics, which, with recent alterations in the Jefferson and Cruft laboratories, triples the space available for original investigations in experimental and theoretical physics...
...joint meeting of the American Physical Society and the Optical Society of America will mark the official openings of the new Research Building of the Jefferson Physical Laboratory at Harvard and the recently constructed spectroscopic laboratory at the Massachusetts Institute of Technology. The meeting will begin tomorrow and extend through Saturday, February 27. The first day's sessions take place at Technology, while meetings Friday and Saturday are at Harvard...
...banks on the brink of failure can fly into the arms of the Federal Reserve instead of into the arms of Federal receivers. The bill provides that five or more independent banks may take their assets, whatever they may be, to their district Reserve bank and ask for a joint cash loan on them. Whether they get it or not will be up to a three-quarter majority of the Federal Reserve Board in Washington which is empowered to pass on the worth of the collateral offered. Presumably the Board, if it sees fit, can authorize loans on stocks, bonds...
...elastic currency was one of the Federal Reserve's original purposes. Each of the twelve district banks was authorized to print its own paper money which became the joint obligation of the Federal Reserve bank and of the U. S. Treasury to pay gold on demand. Each bank of issue must hold in actual gold or gold certificates at least 40% of the amount of its outstanding currency. Likewise behind each dollar of Reserve currency must be 100¢ of commercial paper or of gold or of gold certificates. U. S. Government bonds and other Treasury obligations (although eligible for rediscount...