Word: bond
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Dates: during 1930-1939
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Echo from Lambeth. Before the Convention opened in Denver Auditorium, with 10,000 visitors, Bishop Perry, stanch opponent of divorce, had said in a sermon of welcome that "Christian marriage rises above the consideration of expediency and human desire. . . . The bond between husband and wife, once sealed in the name of God, is subject not to the will of man but to divine will." To preach the Convention's opening sermon had come Rt. Rev. Michael Bolton Furse, stocky Bishop of St. Albans. London. Significance: he was a leader of the opposition (unsuccessful) to the limited endorsement of Birth...
...Hotel and the Miami Biltmore Country Club, on both of which he has ordered luxurious improvements. In 1929 the hotel and club were bought by a group including Mr. Bowman, Alfred Emanuel Smith and John Jacob Raskob. Last week the seller was Whitney National Bank of New Orleans, representing bond holders...
...operates 20 hotels (the Clifton and the Niagara. Niagara Falls; the King Edward, Toronto; the Durant, Flint, Mich.; the Roosevelt, Manhattan; the Benjamin Franklin, Philadelphia; the President, Kansas City, Mo.; El Conquistador, Tucson, Ariz.). Big hotels in receivership include the Hotel White, the Fifth Avenue, the Allerton Houses, Manhattan. Bonds in the Stevens. Chicago, biggest U. S. hotel, last week sold at 25? on $1.* Pierre's, Manhattan, defaulted on bond interest...
...credited to the mind of Louis J. Horowitz, chairman of Thompson-Starrett Co., Inc., builders. The present board of directors includes nine men who can be identified with Thompson-Starrett. Among them is Charles Hayden of Hayden, Stone & Co., one of the firms that sold the Waldorf's bond issue. It was he who drove the first rivet (gold) and troweled the final stone. Also on the directorate is tall, aloof Lucius Boomer, 52, president of Waldorf-Astoria Corp. Mr. Boomer is an oldtime hotel man with wide experience. He was in charge of the McAlpin (Manhattan) when...
Interesting are the financial relationships of the hotel. The land upon which it is built is owned by the New York Central. For the construction of the building New York Central advanced $10,000,000. The remainder was provided by the issuance of $11,000,000 in bonds secured by a leasehold. The interest and sinking fund on the $10,000,000 advanced by the New York Central is to be paid out of hotel operations, before interest on the $11,000,000 leasehold bonds. Its cost was estimated at about $19,000,000; the furnishings are thought to have...