Word: stake
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Dates: during 1920-1929
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...acting in place of the Bank of Japan, and Messrs. Y of New York." Of course "the Messrs. Y" will be J. P. Morgan & Co. Thus without putting up a cent the Federal Reserve?traditionally in closest touch with the House of Morgan ?will have a major "phantom stake" in the Bank. The same arrangement appealed to cautious, bespectacled Emperor Hirohito of Japan, who, by advice of Prime Minister Yuko Hamaguchi, prefers like President Hoover to keep-the-government-out-of-business. Japan's "Messrs. X" will be a consortium of 14 banks, led by the Bank of Japan...
...Wilbur C. Whitehead was there, smiling through pince-nez attached obscurely to his clothing by a neat black ribbon. Present were Ely Cuthbertson and his wife, Josephine, famed as the most dangerous married couple in bridge. All felt that the occasion was significant for something beside the trophy at stake. It was a contest between two basic theories of contract bridge. In recent months the "Vanderbilt convention" (TIME, Sept. 30) -a bid of one club to oblige Partner to declare strength or weakness-has been losing caste. Replacing it has emerged a new convention, a "forcing" system in which...
...known as William H. ("Bill") Danforth, believed to be the biggest speculator in Boston and recently to have descended in person upon Manhattan. Aged 43, he is tall, lean, Indian-like. Legend says that during some 20 years of speculating he has four times pyramided a $1,000 stake to $500,000, and lost it. Since July, Bear Danforth has clawed feverishly, often turning from bear tactics to buy a stock for a quick play. Although new Danforth fortunes are set at $5,000,000 or $7,000,000, or $10,000,000, knowing friends claim...
...which Prime Minister MacDonald's British Labor Government offers as the "extreme limit" to which it can grant Egyptian independence, hypothetically granted in 1922, Mme. Garzouzi's voice shivered and swelled. Said she: "Never trust an Englishman's promise or agreements where British interests are at stake. . . . Who, knowing them, would be so foolish as to take them seriously? Not we Egyptians surely. . . . The Labor Government-the MacDonald-Henderson-Snowden-Thomas lot-is the most hypocritical. . . . We were dragooned [by the Conservative Government in 1922] into signing an agreement which binds us to surrender our liberties...
...will push it out of the ground in order to pay off his costs and begin to make money, it seems dubious. At any rate, little operators met in Los Angeles last week, formed the Association of Independent Operators, tried to make up their minds whether to stake everything on proving the conservation law unconstitutional or to sign the contracts sent out by the co-operative association, and take their chances on later smoothing out what they considered its inequalities...