Word: billion
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Dates: during 1920-1929
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...Frankfurter Zeitung at the Washington Conference on Armament and a member of the faculty at the University of Heidelberg, when interviewed recently on the economic condition of Germany by a CRIMSON reporter. "The paper mark is held at its present value only by the deposit of one billion gold marks in the Reichsbank. If Germany should have to pay that out, the paper mark would indeed become worthless, like a Russian ruble. If this gold backing is kept in the bank, the mark will not depreciate much more, but it may never come up to normal again. Such a process...
...first annual report ever made by a President of the Exchange, Mr. Cromwell stated that the value of securities listed on the Exchange, exclusive of Liberty Bonds, had increased since August 1, 1921, by 5 billion dollars, or about 16%, to a current total of 42 billion dollars. This marked increase is attributed to the issuance of securities to retire frozen bank loans, to the recent incorporation of former partnerships and to the growth of New York as an international financial center...
...rumored that the high German officials are casting about for a figure which might appeal to the British government. They have not far to look not impossible changes to make in their thirty-billion mark offer. not long ago Lord Curzon was reported to have named forty billion gold marks as a starting point for conversations. And already advance notices of a new French statement of a most promising nature are filtering out. It is said that Premier Poincare's new bill will omit pension charges, will not require the Class C bonds unless her allies press their debt charges...
There are now outstanding approximately $11,000,000,000 of wholly tax-exempt securities. Of these about $8,500,000,000 are state, county, and municipal bonds. It is estimated that state and municipal securities are now being issued at the rate of one billion dollars a year. Here is a ready refuge from surtaxes. A taxpayer in the highest surtax class can now invest in a tax-exempt state or municipal bond paying 5 per cent interest and obtain the same net return as from a surtaxable stock paying dividends of 10 per cent. The average commercial bond, which...
...Franco-Belgian attitude presupposes the fifty billion gold mark offer from Germany. Great Britain will, it is known, surrender the major part of her claim against Germany. Thus France would net something between seven and eight billion dollars. With adequate guarantees for payment of this amount, it seems that France will be obliged to accept it, despite her present determined stand against reduction in any form...