Word: moratorium
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Since the election, the matter of the war debts has reached a point more crucial than when the moratorium was declared a year and a half ago. It is doubtful whether the internal economy of the various nations is anything improved since then, and international conditions certainly are not, Prompt and reasonable action toward the statement of war debts is essential to curing the world's distress...
...again demonstrated his reasonableness by his message to Roosevelt. Simultaneously with his invitation there appeared the report of the Sloan Committee, advocating another postponement and a reconsideration of the 1929 funding agreement. To these moves Congressional leaders have made only a negative response, standing pat against either reduction or moratorium. Their stubbornness is softened only by Borah's offer to trade debt reduction for disarmament. Whether this unyielding position will be endorsed when congress assembles in December is not predicable. One can predict a major diaster, however, if the nation's representatives finally refuse to give over their stupidity...
...Governor Morley Griswold. As a result of that communication, Nevada's 91,000 citizens awoke from their celebration to find' 19 of their 26 banks closed, $20,000,000 of their $30,000,000 in bank deposits tied up. Lieutenant Governor Griswold had proclaimed a 12-day moratorium on all obligations except taxes, had urged every bank to take ad vantage of it. The seven banks which decided to face all comers included Reno's First National which sent to San Francisco for $1,500,000 in cash and announced it stood ready...
...firing line." At Omaha Frederic Mosely Sackett, Ambassador to Germany, proudly recalled: "I told President Hoover if Germany prospers the United States would be prosperous and he made a study of the situation. Later the President in a long-distance telephone call to Berlin told me about the moratorium. He asked for a letter or telegram saying the German republic would stand behind him. The letter was signed by von Hindenburg...
...voted for: Tariff (1922, 1930). Restrictive Immigration (1924), 15-cruiser bill (1928), Equalization Fee (1928), Boulder Dam (1928), Jones (Five & Ten) Act (1929), Reapportionment (1929), London Naval Treaty (1930), Debt Moratorium (1931), R. F. C. (1932), Labor's Anti-injunction bill (1932), billion-dollar naval building bill (1932), Sales Tax (1932), Revenue...