Word: moratorium
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...means of bridging the gap between the actual occurrence of history-making steps in foreign relations, and the appearance of the more thoroughly digested accounts for which one must wait considerable time. With headlines succeeding one another in a rapid course of attractive, yet often superficial heights, a Hoover Moratorium, an Anschluss, the fall of the pound, a visit of Grandi or of Laval, soon are forgotten by a large number of those who constitute public opinion; others who still remember these events in 1931 may nevertheless find in 'World Affairs' clear expositions of what actually happened. The book...
...uproarious Garner demonstration by the whole House after Bicentennial exercises. The Garner leadership is called the "wonder of the day" at the Capitol. As evidence of his non-partisan co-operation with President Hoover, the Speaker could point to the overwhelming passage by the House of the Debt Moratorium, the Reconstruction Finance Corp., the Federal Land Banks' increased capitalization, the Glass-Steagall bill (see p.11). Democrats are hard at work upping taxes, cutting expenses to balance the budget. But when Republican politicians like Mr. Jahncke claim all the credit for these relief measures, Speaker Garner gets fighting mad. Warned...
...request from 122 business leaders that he declare a "two-year moratorium on destructive competition" (i. e. suspend the anti-trust laws) President Hoover turned a cold shoulder. He rejected the proposal on the ground that the prohibition against price-fixing was as important now as ever...
...nothing of the sort. There was an actual deficit of between $160,000,000 and $280,000,000 hidden by such devices as counting only nine months for expenditures but twelve months for receipts, and including Reparations payments which Germany obviously will not make because of the Hoover Moratorium...
...show at once. The Society, in full possession of the international facts, pointed out that "the Government of France met its obligations to the United States in accordance with the refunding agreement of April 29, 1926, and the only payments past due are those covered by the year's moratorium which the president of the United States himself suggested last June, without consulting France...