Word: moratorium
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...Frick mines whose reopening, under threat of renewed picketing and warfare, had to be post-poned one day. The Fayette County sheriff talked of appealing for U. S. troops to maintain peace. To prevent a recurrence of the Pennsylvania coal troubles elsewhere NRA appealed to the country for a moratorium on strikes and lockouts. Approving this, too, the President declared it was "on a par with Samuel Gompers' memorable War-time demand to preserve the status quo." Appointed by him to adjust NRA labor troubles was one more board chairmanned by New York's Senator Wagner. Labor...
...credit. Maturing mortgages amounted to some $700.000,000. There was no conceivable method of making $1 do the work of $7, so after the March banking holiday Superintendent of Insurance Van Schaick clamped down restrictions which stopped the guaranteed mortgage business but which granted the companies a moratorium. They were ordered to submit plans for reorganization. Meantime they put on a campaign to obtain releases from their guarantees and the state formed New York Guaranteed Mortgage Protection Corp. When the companies' plans for reorganization were all rejected this quasi-public protective committee went to work. Last week its plans...
...either an inflationist or an anti-inflationist as Finance Minister. He turned the office over to a virtual caretaker, Minister of Justice & Education Manuel de Iriondo, making him Finance Minister ad interim. To test public opinion the President announced that Argentina will continue to follow the policy of "No moratorium, no waste and no inflation!" That this policy is President Justo's own no Argentine doubted, but he was believed to be weakening, tempted to embrace the price-raising policy of President Roosevelt...
Engaged, Barren Gift Collier Jr., son of the car-card tycoon who last month sought a "moratorium" on $13,500,000 of debts (TIME, June 12); and Barbara May, Manhattan socialite...
Banks are no longer news in Manhattan or Chicago where the crises were passed months before President Roosevelt's national moratorium. But in three of the biggest cities of the land banks still splash the front pages with considerable regularity.* In Philadelphia the news is the prosecution or conviction of officers in several small defunct institutions. In Detroit it is the desperate effort to find out why its biggest banks were (and still are) shut tight.† In Cleveland it is the muckraking of Ohio's State Senate bank investigating committee. While liquidators began mailing the first payoff...