Word: moratorium
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Meantime although trading in dollar exchange was suspended in London and Paris, unofficial traders in London quoted $3.65 to the pound. Greater repercussions took place in Cuba where after suppressing the news of the bank moratorium in the U. S., President Machado finally declared one for Cuba. When Governor General Theodore Roosevelt cabled from Manila to find out what he should do. the weary Treasury told him to do what he liked. He resigned, handing his office over to Vice Governor John Halliday...
...Debt moratorium for municipalities...
...banking moratorium closed in on the financial heart of the nation last week it found New York State going to work on another evil consequence of the Depression-the "sweating" of women and children. In a strong special message to the Legislature striking at labor conditions that smacked of 30 years ago, Governor Lehman had called for a Minimum Wage law. Declared...
...music & production by Lew Brown & Ray Henderson) had its premiere in the null manner. Opening night tickets were printed in pink & gilt. There were pink roses for the ladies, pink carnations for the gentlemen. Even in such an atmosphere of anti-Depression bravado, one might have expected a bank moratorium audience to be unresponsive. Such was not the case. With Wartime cheeriness, first-nighters rewarded an optimistic but routine number called "It's Great to Be Alive," sung by dark little Gracie Barrie, with a storm of applause. When the tall and attractive chorus chanted "Roosevelt Is President...
...that offered credit. Nearly everywhere merchants continued giving credit to customers with charge accounts and many "cash" stores broke their rules to give credit to regular customers. R. H. Macy in Manhattan, largest U. S. department store, did an 80% business on Monday, the second business day of the moratorium in New York. Speakeasies everywhere were the most liberal in extending credit...