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Rates of interest for industry, agriculture, and government have been reduced. Savers and investors are providing capital for new construction in industry and public works. The purchasing power of agriculture has increased. If the people maintain that confidence which they are entitled to have in themselves, in each other, and in America, a comfortable prosperity will continue.
It pumps oxygen into the lungs of an unconscious person automatically. Firemen and life savers all over the world are using them now. That blue tank there contained oxygen. This machinery under the glass covering is a pump that works by the pressure of the oxygen. A little of the oxygen escapes from the tank and moves the pump, which forces the life-giving gas into those long pipes.
And even the savers who have saved out of war profits were so far more patriotic than the war profiteers who did not save but squandered. "Why should any one save," the unthrifty soul will most naturally ask, "if his savings are liable to have a slice cut out of them by a levy at any time?"
To it were fastened ropes, one being retained by the life savers and one by those on the ship. All was in readiness. The breeches buoy was now pulled toward the ship, by those aboard hauling on the proper line. It moved along, sliding on the heavy cable, the angry waves below seeming to try to leap up and engulf it, in revenge for being cheated of their prey.
That being the case, Bruce decided that all of the lads would devote the morning to operating the pulmotor, while the four life savers made frequent plunges into the surf so as to become accustomed to swimming with the aid of the buoy.
It is of a light yellow colour, beautifully stitched and embroidered; and the cape, for it has a short cape, is fringed by tags cut out of the leather itself. The skirt is also bordered by a similar fringe, and hangs full and low. A pair of "savers" of scarlet cloth cover my limbs to the thigh; and under these are strong jean pantaloons, heavy boots, and big brass spurs.
Whereupon Algy shut one eye and opened the other so wide, that Aaron was almost scared. "Quite right, my boy. Ha! Ha! Never a truer thing said! Ha-ha-ha." Argyle laughed his Mephistophelian tipsy laugh. "They'll teach you to save. Never was such a lot of ripe old savers! Save their old trouser-buttons! Go to them if you want to learn to save. Oh, yes, I advise it seriously.
But, in the short run, as a "shock absorber" and "automatic stabilizer", low inflation may be a valuable counter-cyclical instrument. It constitutes a disincentive to save and an incentive to borrow, to consume, and, alas, to speculate. "The Economist" called it "a splendid way to transfer wealth from savers to borrowers." The connection between inflation and asset bubbles is unclear.
The life savers, two stalwart youths, so bronzed as to glisten in the sun like copper models sat on the high bench under the big beach sunshade. They could see above the heads of the crowds, far out past the danger line, and theirs was the responsibility of keeping track of every foolish boy, or more foolish girl, who ventured beyond the ropes.
How in the name of a soft-shell clam " "It's that man!" cried Larry. "I knew he had a beard on when we pulled him ashore!" "A beard on?" murmured Bailey, in questioning tones. "Yes," went on Larry. "When you were outside, getting some wood, just before you ran down the beach when the life savers came, I was in here.
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