Word: bond
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Dates: during 1930-1939
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...partners pad the financial pages of the Press with personnel notices on the first day of every month but the same old firms continue to do business at the same old stands. One of the few big mergers of the year occurred last week when Theodore Prince & Co., bond brokerage specialists, was absorbed by Redmond & Co., whose senior partner is husky, hardworking, longheaded Henry Mason...
...this deal Mr. Lilienthal secured a big-city outlet for some of his surplus power, and Bond & Share got $6,200,000 which was enough to pay off the bonds of the local company and leave a little something for preferred stockholders. With bondholders' approval practically assured, Mr. Lilienthal departed for a happy holiday in Britain...
...number of things to a number of people, but to Socialist Norman Thomas it is "the only genuinely socialistic project in the New Deal?a beautiful flower in a garden of weeds." Tenderly cultivated by TVA Director David Eli Lilienthal, the flower budded prettily last summer when Electric Bond & Share agreed, at pistol point, to sell its Knoxville, Tenn. power & light properties to TVA. The pistol was the threat that Knoxville would build its own distributing system with a PWA loan-grant (TIME, July...
...upon by cutworms, slugs and aphids. Two preferred stockholders marched into court to block the Knoxville deal. A group of coal and ice companies, which mortally hate & fear TVA's hydro-electric schemes, hastily obtained judicial permission to join the fight. Since the agreement was already signed & sealed, Bond & Share was placed in the anomalous position of fighting shoulder to shoulder with Mr. Lilienthal...
Simultaneously the TVA-Bond & Share agreement expired. Mr. Lilienthal declared the sale dead, bitterly pointing out that "failure of the transaction was not due to any difference between the parties as to price or fairness to investors." Promptly the Knoxville city fathers dusted off their PWA-financed plans for a municipal system...