Word: bond
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Dates: during 1920-1929
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...expecting from him. Handing some papers to Vice President Dawes, he explained that they contained a report on unemployment in the U. S. as requested lately in the maiden speech of Senator Wagner of New York (TIME March 12). With the air of a man patting a pretty good bond on the back Secretary Davis said that while unemployment is "serious" it is "not so extensive or so grave as the estimates which have been generally circulated...
Latterly great bond houses have trained up a generation of college bond saleswomen, who are always called "salesmen," who are always shouted at by the boss across a field of desks by their last names, and who smoke up the sales rooms. Seventeen ladies are actually partners in Stock Exchange houses. Three of them have applied to the Exchange authorities for admission to membership. "Too much jostling on the floor," the 15 gentlemen of the Committee on Admissions have always sternly replied. "No worse than subways or night-clubs," is the reply of the eager ladies...
Instead of putting their money in a shoe, cautious people often buy bonds. There is a feeling of safety in a crisp bond; it is backed up by buildings, lands, machinery, steel, coal?things. People can go and see or touch the things that make their bonds secure. But what about newspaper bonds? Only a fraction of their security is based on buildings and presses; the rest is good-will (of readers and advertisers). Indeed, a cautious investor might be alarmed if he asked himself the question: "How do I know definitely that anyone is going to buy this newspaper...
Last week the three newspapers of Lancaster, Pa.?Intelligencer,* News-Journal, New Era?were brought under a single ownership, the Lancaster Newspapers, Inc. This corporation, forthwith, put on sale at par a 6% bond issue to the amount of $600,006, pointed out that in 1927 the three newspapers earned $121,978 or 3.38 times the annual interest requirement of the new bond issue. A ratio of 3.38 between earnings and interest charges would once have been thought barely adequate to induce people to loan money to a manufacturing concern which had great brick & mortar assets. That such...
...strongest potential bond between the United States and the countries of South America is cultural, rather than economic and political, according to Carlos Davila, Ambassador from Chile to the United States...