Word: bond
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Dates: during 1930-1939
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...that Rumania's territorial size more than doubled as a consequence of the War, and that the population of our Capital increased from 300,000 to 1,000,000. . . . The contract call's for payment of $100,000,000 over fifteen years. . . . Rumania has met all her bond issues up to Monday of this week. In fact she is one of the few countries that have met all their outstanding obligations...
...time, should she deem herself unable to go on paying reparations; 2) That she shall not be liable to "sanctions" (military punishment) by the Allies for suspending payments in good faith because she cannot pay; 3) That the Fatherland is always free to attempt to float German bond issues in the world market...
Commonwealth & Southern Corp. was organized in May 1929, representing the pooled interests of several large utility groups. Inspiration for its organization came largely from President Landon Ketchum Thorne and Senior Vice President Alfred Lee Loomis of Bonbright & Co., Manhattan bond house specializing in utilities. Other interests joining with the Bonbrights in the formation of Commonwealth & Southern included Electric Bond & Share, United Gas Improvement, Public Service Corp. of New Jersey. Commonwealth & Southern acquired stock in many utility companies but especially control (more than 96%) of Commonwealth Power, Penn Ohio Edison and Southeastern Power & Light, all holding companies with many operating subsidiaries...
...about one-third of the annual payments for the first 37 years, are 'unprotected' by any transfer clause. Germany must make the payments no matter what the state of her foreign exchange may be. These payments are to be "mobilized", that is they are to be transformed into a bond issue which is to be sold to private individuals in all countries. Once in private hands, it will be impossible to scale them down in the future. The other two-thirds are given some 'protection' in the shape of a limited moratorium in case Germany has economic difficulties at home...
Conservative Harvard bookkeeping, however, concealed the University's true wealth. Most spectacularly conservative was the valuation of 12,836 shares of General Electric (worth $3,000,000 at current quotations) at $1. Also conspicuous were holdings in Electric Bond & Share at $14 a share against a market price of $80, and in American Tel. & Tel. at $88 instead of the market price of $217. --Time...