Word: absorber
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Dates: during 1930-1939
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...share during the War, passed into the control of a Federal receiver. Thus it was that last week Powderman Olin did not go to New Haven as a western manufacturer anxious to learn from Winchester, but as a munitions tycoon in his own right ready to buy and absorb a fallen rival...
...than $2,000,000,000 in the red next June 30. But Treasury actuaries explained that the July-August period was an inaccurate gauge for a full year, "guessed" that the 1932 deficit would approximate $1,500,000,000. Chief items of increased expense: postal service, public construction to absorb unemployment...
...latter half of 1932 as the situation became apparent to the bank superintendent there would be a forced liquidation of tremendous volume. Savings banks in New York have already discussed this openly in an effort to show that they must have an outlet for their funds. Rail bonds now absorb about $732,000,000, the third largest investment on their lists. Railroads point out that if the banks are forced to sell rail bonds it will depress the market so much that the carriers will not be able either to raise working capital or to refund some...
...purlieus of brokerage houses last week an alert ear might have heard these things whispered: 1) Irving Trust Co. would shortly absorb $191,000,000-in-deposits Chatham Phenix National Bank & Trust Co.; 2) Chatham Phenix was heavily involved in frozen real estate loans; 3) Chatham Phenix had substantial losses through an investment in Empire State Building; 4) The assets of Chatham Phenix were depleted through the sale of Chatham Phenix Allied Corp., an investment trust sponsored by the bank's securities affiliate (TIME...
...meeting the Depression which crashed down upon the country in the fall of 1929. On his orders a potent army of industrialists, railmen, motormen, bankers, manufacturers, public utilitarians and labor leaders marched to the White House where they pledged "business-as-usual." More public works were planned to absorb unemployment. Private companies were urged to go in heavily for new construction. In come taxes were cut 1 % to spur economic recovery...