Word: moratorium
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Calling for a halt to current unrest, confusion, and instability, and declaring the "need of a moratorium on strikes", Dean Donham told the ad men that "there is no chance of avoiding labor rackets and disorganization in face of sudden rapid growth resulting from government support. The labor movement is unready for the vast responsibilities thrust upon...
...voted for: Power Trust investigation (1928), Government operation of Muscle Shoals (1929, 1930, 1933), Hoover Moratorium (1931), Bonus (1932, 1933, 1934), Relief (1932), 2.75% Beer (1932), Copper Tariff (1932), 3.2% Beer (1933), Repeal (1933), Roosevelt Gold Bills (1933, 1934), St. Lawrence Waterway (1934), Cotton Control (1934). Stock Exchange Control (1934), 16-to-1 Silver Amendment (1934)., Overriding Philippine Independence Veto...
After the national banking moratorium which soon followed. Banker Hecht's old Hibernia Bank & Trust was not allowed to open wide. Curiously enough, that was about the best thing that ever happened to Mr. Hecht and his big bank. Reorganized with some fresh capital, the bank took out a national charter. Thus com pletely free of the State banking department, which was never averse to twisting the screws on Senator Long's order, Hibernia National has grown and prospered. And Banker Hecht has not even seen Huey Long for months...
...Shared with Chancellor of the Exchequer Neville Chamberlain, whom they loudly cheered, the honor of breaking last week the German Moratorium recently declared by Reichsbank President Dr. Hjalmar Schacht (TIME, June 25). To bring Dr. Schacht to his senses the Commons, well aware that Germany has a favorable trade balance with Great Britain, passed a bill enabling Chancellor Chamberlain to confiscate enough British payments due on German goods to make good the Fatherland's announced default on Dawes and Young bond interest payments. By brandishing this authority from the Commons last week, Chancellor Chamberlain scared Berlin into a promise...
...effort to conserve the Fatherland's dwindling store of foreign exchange-sure to be needed to buy vital food imports next winter-Reichsbank President Dr. Hjalmar Schacht recently decreed a sweeping moratorium (TIME. June 25). Last week British threats of retaliation broke the moratorium as far as British holders of Dawes and Young loan bonds are concerned (see p. 15). This breach in the Moratorium Front looked certain to widen before onslaughts at once launched by the U. S. and French Embassies in Berlin. There seemed to be only one answer for Germany: controlled inflation, bulwarked by government control...