Word: bond
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Dates: during 1930-1939
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...Public Works. Camden, N. J. already $30,000,000 in debt, voted by a substantial majority to authorize the city government to raise $10,000,000, either by bond issue or by Federal borrowing, to build a power plant. The proposal was permissive, not mandatory, and was interpreted as an unemployment relief measure. Akron, Ohio voted 23,887-to-22,258 to purchase a power plant. A second referendum will have to take place before Akron actually goes into the power & light business. In Sandusky, Ohio the issue was clear. The city decided to build a $1,400,000 light...
...third time in four years the voters of Portsmouth, Ohio defeated a proposal to operate their own electric facilities. Youngstown, Ohio voted against a bond issue which would have provided a municipally-owned distributing system. So did San Francisco. Burlington and Bordentown, N. J., Atlanta, Ind. and Tyrone, Pa. decided against municipal operation of their lighting systems...
Observers saw in the guaranteed bond issue a trend. The bonds will be issued through the Italian equivalent of the Hoover-Roosevelt R. F. C., the Istituto Ricostruzione Industrial created by II Duce early this year (TIME, Feb. 20). Other rescue parties, other guaranteed bond issues will undoubtedly follow, putting the State further and further into business. Simultaneously business will be put further and further into the State, as the National Council of Corporations supplants the Chamber of Deputies. Last week Dictator Mussolini loomed as the exponent of a synthesis different from but almost as sweeping as Dictator Stalin...
...plan is particularly valuable for the Freshman team whose members have been accustomed to rallies in their prep schools. The Freshman rally is a method of strengthening class spirit and anything that creates such a bond is worthwhile...
Converts. Acting Secretary of the Treasury Dean Acheson announced last week that 40% of the 4th Liberty Loans called for redemption next April (TIME, Oct. 23) had been offered in exchange for the new 4¼-3¼-10-12 year bonds of the issue announced in October, but public enthusiasm for the new bonds waned somewhat last week due to the Administration's experiments with a rubberized dollar. Banks and bond dealers who had bid heavily in the cash subscription of the new issue were surprised by getting bigger allotments than they expected. Sales of unwanted bonds...