Word: bankrupts
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Fast-moving, hard-driving A. W. S. Herrington bought the truck division of near-bankrupt Marmon Motor Car in 1931, settled down in Indianapolis. A Motor Transport Corps captain in World War I, Herrington knows trucks and tanks inside & out. He once worked for Motorcycle Makers Harley-Davidson, spent seven years as transportation engineer with the Army and Marine Corps...
...long-term plans to dehydrate the capital structures of bankrupt railroads last week ran afoul of the Treasury's plans to wring more taxes from industry. Chairman John Samuel Pyeatt of the Missouri Pacific Railroad-in receivership since 1933-sent a letter to 40,000 bondholders, urged them to reject the ICC-sponsored reorganization plan...
LaGuardia and his running-mates have put themselves up for office on the strength of their thorough adherence to the foreign policy of the President, and on the basis of their record in office during the past eight years. From a near-bankrupt political football--with unpaid bills of some $100,000,000 in 1934--the nation's largest city now boasts a healthy bank balance of nearly a quarter of a billion dollars. During this period, tremendous administrative economies have been effected, though the public works program has caused an increase in the amount of the annual budget...
...shift to Plan E was brought about by many factors chief of which is that the Cambridge tax rate jumped ten dollars in so many years, and is now at $47, one of the highest in the United States. Cambridge, according to Landis, was nearly bankrupt and many irate citizens clamored for a drastic move...
...interventionists' bargain, as he saw it, was a bad one. To line up with Britain would be "just like a well-organized, money-making business deciding to take a bankrupt firm in as partner." In that "impractical" partnership, the U.S. would squander its treasury and its sons' blood. The strain would be too much for democracy, some form of totalitarianism would have to be set up. The net: turmoil, chaos, revolution...