Word: boden
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Dates: during 1930-1939
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Steyr is one of the best automobile names in Austria, but so poor is the country, so hemmed in by the tariff walls of neighbor states, that Steyr earns only minute profits, nearly all of which go to satisfy its major creditor, the Bank Boden-Credit-Anstalt. Blatantly last week the Socialist newsorgans of Vienna screeched that Boden-Credit-Anstalt "has its Capitalist foot on the neck" of Steyr and other Austrian manufacturing firms, charged that the bankers are keeping the businessmen down and starving the workers, because only in this way can they "keep money control of the Austrian...
...story: the Socialists say that Sir Percival Perry, General European Manager for Henry Ford, recently approached Steyr with a proposition that the factory be converted to make Ford parts. Steyr was willing, but Boden-Credit-Anstalt is supposed to have blocked the deal, fearful that such disturbing Ford innovations as high wages might be introduced into Austria...
...paid the city about $195,000. will make small annual payments, will also buy a $1,000,000 6% bond issue at 93. The bank merger was done through the Kreuger & Toll-controlled Deutsche Union Bank of Berlin, consisted of joining the Preussiche Pfandbriefbank (Kreuger & Toll-controlled) and Central Boden Kredit A. G., into the Preussiche Central Boden Kredit und Pfandbriefbank. Both the merging banks are leading German mortgage institutions, have $238,000,000 mortgage bonds outstanding...