Word: bond
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Dates: during 1930-1939
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...seven taverns in Alton & environs, grimly reduced their slot machines to broken metal. Last fortnight, with her ax she demolished two more-as she called them-"one-armed bandits.'' Charged with malicious destruction of property, Mrs. Kite was arrested, jailed because she declined to sign a bond...
Back in 1933, in common with many another investor, a group of ultraconservative young men in Boston's Back Bay began to worry about possible inflation and how it would affect bond and stock values. After two years of quiet study, they decided that the only satisfactory hedge against inflation is commodities. Accordingly, in February 1935 they set up what they believe to be the first commodity investment trust in the world, called it Commodity Corp. Last week, after two years of "laboratory testing" in Boston, Commodity Corp. moved to Wall Street with assets of nearly half a million...
Last week San Antonio's citizens marched to the polls, by a two-to-one vote defeated the bond issue. The Property Owners Defense League and city political machine had won. Next morning the teachers awoke to a grey day. They had not only lost the fight to raise their salaries but, unlike their opponents, would have to pay taxes on their cellos, cows, watches...
...behalf of the U. S. utility industry, Electric Bond & Share, largest utility holding company, last week presented a brief to the U. S. Supreme Court attacking the Utility Holding Company Act of 1935. On behalf of the U. S. Government, Messrs. Homer Cummings, Robert Jackson, Thomas Corcoran and Ben Cohen simultaneously filed a brief which asserted, among other things, that if Congress has the right to curb white slavery and bootleg liquor it "certainly is not without power to curb financial chicanery and abuses which have brought ruin to millions." Thus, after over two years of catch-as-catch...
...force simplification of any utility pyramid into a single geographically integrated system. Many utility holding companies not only refused to register but declared they would get injunctions against the whole Act. SEC then agreed to hold the Act in abeyance while it brought a test case against Electric Bond & Share. When it got to court, however, SEC attempted to limit the test only to the necessity for registration. E. B. & S. lost twice in lower courts. Said its brief last week: "The Government is seeking to avoid and the defendant holding companies to secure, a test of the substantive provisions...