Word: moratorium
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...attention has just been called to an article in your last week's issue (TIME, March 13) in which you state that owing to cancellation of orders "caused by the bank moratorium, the hatcheries of the Zeeland-Holland district find themselves swamped with chicks...
...House moratorium was declared on place-seeking. While it lasted, Democratic Senators and Representatives had to be on their best behavior-and in the name of emergency the President could continue this moratorium until he got all he wanted from Congress...
...Except for major jobs the White House declared a moratorium on patronage until after the banking crisis...
After a four-day moratorium, the doors of Cuban banks opened slightly. Only currency deposits were accepted; withdrawals were limited until March 26 to 10% of commercial and savings accounts. Except for cinemas, business withstood the bank holiday reasonably well. Cinema houses closed in towns throughout the provinces due to the fact that managers had not only a cash shortage to contend with but bombs thrown by enemies of the Machado administration...
...they learned that both banks had refused the Ford offer, changed their minds, were about to reorganize and carry on under new Federal and State emergency legislation. Delay in adopting the latter was partly traceable to antagonism between Detroit and out-state bankers, who were not consulted when the moratorium was proclaimed and whose reserves are tied up in Detroit banks. Dark rumors also circulated of a struggle for power between Ford, General Motors, Chrysler. Meanwhile General Motors, flinging defiance in the face of moratoria. announced a new Chevrolet "standard" six slightly smaller than the present six. to sell, they...