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4) Mr. Bitting's customers are in no worse condition than the investors in bonds in other projects where the primary asset consists of improved real estate. It is a well-known fact that there are many hundreds of millions of dollars in bonds on hotels, office buildings and apartment...

Author: /time Magazine | Title: Letters, Aug. 20, 1934 | 8/20/1934 | See Source »

In conclusion, if Mr. Bitting believes he can conduct a hospital more successfully than have the Methodists, and his bonds are in default, he has a legal right to try his hand at it.

Author: /time Magazine | Title: Letters, Aug. 20, 1934 | 8/20/1934 | See Source »

. . . Mr. Bitting's last trip to Southern California was made at the request of the Woman's Home Missionary Society of the Southern California Conference, and at the expense of that society. The request for his visit was made with the hope that satisfactory and mutually beneficial arrangements to care...

Author: /time Magazine | Title: Letters, Aug. 20, 1934 | 8/20/1934 | See Source »

Six of his eight outstanding Methodist Episcopal issues, totaling $5,000,000, are currently in default. The one which pains him most is that of the California Missionary Society. To help pay for a Methodist Hospital in Los Angeles, the Society in booming 1928 had Bitting & Co. float a $600...

Author: /time Magazine | Title: Religion: Defaulting Methodists | 7/30/1934 | See Source »

If the Methodist women could not afford to pay, Bondman Bitting might be less bitter. But four trips to Los Angeles have convinced him otherwise. At its annual meeting last year, he discovered, the California Society reported total receipts of $87,281. Of that, $35,371 went to National Headquarters...

Author: /time Magazine | Title: Religion: Defaulting Methodists | 7/30/1934 | See Source »

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