Word: silvering
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Dates: during 1960-1960
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...Bank Founder Jesse Jones primarily intended that the bank should finance trade with the Soviet Union, but this deal fell through when Russia refused to refinance its public and private debts to the U.S. The first Ex-Im loan then went to Cuba to finance the minting of Cuban silver coins...
Died. Lester Patrick, 76, ice hockey's "Silver Fox," who pioneered many of the tactics that have since become standard; of lung cancer; in Victoria, B.C. In 1928, as a 44-year-old coach, Patrick provided one of hockey's most memorable moments when he replaced an injured goalie, worked the nets for the first time in his life, saved a Stanley Cup play-off game for the New York Rangers...
General Cemal Gursel (pronounced Jem-fl/ Goor-sell) is a professional soldier whose troops affectionately call him Cemal Aga (Big Brother Cemal). Silver-haired. scrub-mustached and corpulent (5 ft. 10 in., more than 200 Ibs.), he was born of a conservative, middle-class family in Eastern Anatolia 65 years ago, was commissioned a lieutenant in the Ot toman army at 19. As a World War I artillery officer, he fought the British at the Dardanelles and in Palestine...
Ironically, parity was coming just as Canada had solved the worst inconvenience of imparity. Because coins were considered too much bother to discount, U.S. silver has normally been accepted in Canada at its face value. But six weeks ago the volume of incoming coins had reached such proportions-20% of all silver in Canadian circulation-that Canadian banks imposed a discount on U.S. coins-e.g., 2? on a quarter, 4? on a half dollar...
Last week signs on buses and vending machines made it clear that Yankee coins could go home. Professional coin runners, who used to buy $100 of U.S. silver at border cities with $95-$97 in Canadian currency and then truck it legally across the border, were trying other ways to make a fast dime. The royal mint in Ottawa worked overtime to make enough coins for Canada's needs, for the volume of circulating U.S. coins was down by nearly...