Word: bankrupts
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Dates: during 1930-1939
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...Underwood Tariff of 1913 lace duties were cut to 60%, and the whole industry nearly went bankrupt. However, it was saved by the War, which shut off imports from Europe, and in the Fordney-McCumber Tariff Act of 1922 the duty was boosted to the present rate-90%, highest ad valorem duty...
...bust. In the suppressed opinion of numerous Japanese economists the further the Empire adventures into China the more fatally she overextends herself and risks economic collapse at home. To this Japan's militarists stoutly retort: "There is no such thing as an economic collapse. One can always go bankrupt and start afresh...
...month ago Manchester was sentenced to nine months in jail for the "fraud" of pawning jewels tied up beyond his reach in the family estate by his late shrewd mother. Her wisdom has permitted Manchester time & again to spend all he can get his hands on and more, go bankrupt, and then start afresh on the next instalment handed him by trustees who have absolute discretion...
...life. She does not understand how one comes to incur debts. I am worried because the Duchess is worried. Otherwise, I would not have a single care in the world." In sombre mood last week His Grace was led out of Wormwood Scrubs Prison, promptly had himself declared bankrupt once more and vanished from London, his lawyers announcing, "The Duke of Manchester is resting in the country...
...banks all had conflicting claims. But the importance of Messrs. Hertz, Odium, Fortington & friends was the fact that together they owned nearly $20,000,000 face value of defaulted Paramount debentures and other claims. What was more, they had shrewdly purchased most of the bonds after the company went bankrupt. Thus it was that Messrs. Hertz, Odium et al. had much more to say about the reorganization plan which went to the courts last November than the orthodox protective committee on which sat Kuhn, Loeb Partner Sir William Wiseman...