Word: processing
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Dates: during 1920-1929
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...answer may now be found in the parallel of a pitiful story dealing with Russia, Queen Catharine and an innocent little violet. It seems that one evening, Her Highness discovered the flower in the strange process of growing in the Royal park, and deciding not to pluck it until the following dawn, caused a sentry to be stationed near at hand to indicate the spot. The incident promptly escaped the Queen's memory, with the result that the devoted sentinel spent the rest of his days loyally guarding the sacred precinct...
...less substantial decline in market rates than occured after previous crises in this country. For this there are several reasons. The drastic liquidation in commodity markets and the serious difficulties in certain export markets have made it necessary to "carry" many borrowers for more or less extended periods--a process not yet completed. Moreover since this was accomplished largely with the aid of the federal reserve banks, the extrication of these borrowers from their difficulties does not release an equal amount of funds for other uses; it merely enables the member banks to reduce their liabilities to the reserve banks...
...report of your committee a year ago we outlined at some length the process by which the committee has undertaken, over a period of years, to change what was a very close game to an open game and at the same time to eliminate the evils and preserve the best features of the game of American Football. It was pointed out that this proposition was a complicated one and that it was necessary that progress should be gradual and that there should be more or less experimentation during the process. This experimentation was practically concluded and the changes...
...have so long been the boast of American universities, but the result would probably tend toward a greater rather than a diminished democracy. The only method of selection open to the university which artificially limits its student body would be that of competitive examinations open to all applicants, a process which in itself would help to climinate from the university much of its present deadwood. The mere bangers-on of the universities would become a thing of the past...
...third of the student body, and the undisguised pride in its achievement by the entire college, is not the product of sudden success, nor even social predilection on the part of modern undergraduates. Its foundation was firmly built in 1882, to be realized in 1920 by the sure process of evolution and dogged development toward a single goal...