Word: assets
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Dates: during 1930-1939
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...prime asset of Rhodes is its obvious sincerity and meticulous attention to fact. Another asset is its refusal to drag in that usual cinema qua non, a false romance. Yet these qualities, which make it good history, also make it a painfully pedestrian picture. Walter Huston has to boom out such lines as: "Napoleon tried to unite Europe and failed. I am trying to unite South Africa, and I will not fail...
...privilege of having $1 invested in their behalf by Wall Street banking houses. The extra $1 did not actually go to the investment bankers. But in the open market people scrambled to buy investment trust stocks for a price which was twice the value of the assets behind them. Assumption was that any banker worth the name could, in a trice, make at least 100% on money entrusted to his care. When it was belatedly discovered that banker-managed investment trusts could lose money just as fast as any individual investor, a terrific public revulsion occurred. One result...
Seemingly unconcerned was Gaetano Merola, the dapper irrepressible Italian who against all odds founded the San Francisco company in 1922. Impresario Merola defined the deficit as an asset, symbol of the scenic equipment which he has been steadily acquiring. While San Franciscans worried over President Alexander's pronouncement, Merola was flitting about Manhattan last week, hearing new singers, considering new contracts...
...borrower and a good pen. When a bank lends, say, $25,000 to a businessman, it credits his account with that amount-an addition to the deposits, hence a liability. To balance the books' the bank takes the businessman's note for $25,000, which is an asset. Thus $25,000 worth of new credit money is turned loose in the country, passing from bank to bank in the form of checks. Not until the borrower pays off his loan does that money disappear from circulation. Provided he has enough capital, the only limit on a banker...
...members of the Board, are so interesting that the idea of "work" seemingly disappears. A process of absorption sets in. One learns without being aware of it. And often in the end one finds himself the possessor of executive ability, or the like, which proves to be an invaluable asset in future life...