Word: bond
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Dates: during 1930-1939
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...gold stock ($11,262,000,000). Yet the U. S. Treasury, poor amid riches, had to go out into the money market again as a borrower on a scale larger than at any one time since the War. Secretary Mellon called for offers on an $800,000,000 bond issue to mature in 24 years, and $300,000,000 worth of one-year Treasury certificates. The bonds paid 3%. lowest rate since the War. The certificates went for 1⅛%, another post-War low. Despite the low interest rates the certificate issue was oversubscribed (four times) in 48 hours...
...Jerome Tone of Carborundum Co. a gold medal for being a fine type of manufacturer (TIME, Aug. 31). President Tone had only to say "Thank you." but Professor Pauling was obliged to deliver a long and learned exposition on ''The Structure of Crystals and the Nature of the Chemical Bond." President Gomberg listened raptly. For young Professor Pauling had built on what President Gomberg, who has been professor of chemistry at the University of Michigan only three years less than the 30 which Professor Pauling has lived, had long ago contributed to chemistry. He who gives out prizes in science...
...larger possibilities and took the broker's advice. Shortly afterward the stock went down; he was called for more margin. Bewildered by the sum required he managed to raise all but $500 by legitimate means. Then came the fatal step. He took one of the hundreds of negotiable bonds passing through his hands every day, presented it to the broker, saved his account. For twelve years he tried to repay that $500, doubling his stake, multiplying it 20, 30, 100 times. He opened accounts with other brokers to change his luck. His thefts were never discovered because when...
Trust funds and savings banks in New York State are the largest rail bond holders whose purchases are governed by law. The importance of these is great: over 50% of the total mutual savings bank deposits of the country are in New York. But life insurance companies are also enormous purchasers of rail bonds and, like commercial banks, are under more lenient laws qualifying their purchases.* In order for a rail bond to be legal for savings banks and trust funds the company must have earned its fixed charges one and one-half times in the fiscal year immediately preceding...
...National Flood Relief Commission under able Minister of Finance T. V. Soong, worked busily. The Nationalist Government, already harassed by rebellion in the south, disaffection in the far west and money troubles of its own, arranged to float a $15,000,000 bond issue, provided $600,000 in ready cash. From the U. S. Red Cross came $100,000. The League of Nations Public Health Service cabled an offer of epidemiologists and supplies from stations in India, Indo-China, the Dutch East Indies and Japan. Emperor Hirohito of Japan sent $27,000. The Asiatic fleet of the U. S. Navy...