Word: 10â
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...Apparently the scheme was to substitute "hot" (stolen) bonds, which could be purchased for 10?? or 15¢ on the dollar, for the securities in Lincoln Life's vaults. For this mulcting process the sharpers needed a no-questions-asked bank to act as 1) a depository where loans could be made on the outflowing Lincoln securities, and 2) a reputable vendor of the inflowing "hot" bonds, so that the state insurance department would not be suspicious. With out much trouble, Baiata & friends found a bank for sale in Indianapolis. The dice-playing treasurer swept up an armful of securities from...
...copyright fees. Today it represents 850 composers, 760 writers, go publishers?the best musicmakers in the land. It issues annual licenses to places where music by A. S. C. A. & P. members is likely to be played and collects royalties: $60-$360 from night clubs; $80-$360 from hotels; 10?? a seat per year from cinema theatres. Places that play A. S. C. A. & P. music without licenses are reported by a nation-wide organization of spies, are promptly sued...
...gold they have been climbing for eight months) are not so questionable. The foreign trade of Brazil and a half dozen other South and Central American republics is almost wholly dependent on coffee, now selling at 9½¢ against a Depression low of 5¼¢. When rubber jumps from 10?? per lb. to 17¢ as it has in the past six months, five times five million souls throughout British Malaya and Dutch East Indies are the gainers. When cocoa rises 1½¢ per lb. from its year's low of 4¼¢, as it did last week, native growers...
...troubled little baker in Glenns Ferry, Idaho (pop. 1,414), last week was E. W. Nestak. He had been charging his fellow townsmen 9¢ a loaf for fine unsliced white bread when an order came from the NRA Bakery Code Administrator to boost his price to 10??. Honest Baker Nestak thought it best to obey but he also wrote to his senior U. S. Senator to ask if the order was legal and binding...
...have President Roosevelt temporarily peg the dollar at 59.06¢ last January but to have Governor Harrison attempt to hammer it down permanently on gold at that level was more than he could stand. To Governor Harrison at Basle he dispatched a sizzling 1,500-word cablegram at 10?? per word (at his own expense) which indicated how much steam inflationists still have up in their boilers. Excerpts...