Word: bond
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Dates: during 1930-1939
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While the huge deficit of 30 billion dollars in itself can be handled by the United States, the wage in which it has been constructed give serious cause for alarm. The devaluation of the dollar, the flotation of large bond issues, and the government's appropriation of the gold reserve all tend to undermine credit. With this money the government has often spent five dollars to give one dollar of relief. Evidently the four dollar discrepancy ensures a vote for the new deal. Such haphazard spending will not bring about a utopia where everyone is satisfied; it will land...
...market was ripe for bond flotations but the success of the Kidder, Peabody issue was due in large measure to the name the bonds bore: Scovill Manufacturing Co. of Waterbury, Conn., oldest and one of the largest brass companies in the U. S. It was not new financing; the last thing that rock-sound old Connecticut company needs is money...
Aware that his CAM bond issue was hopeless at this time, Nominee Sinclair proposed, instead, to levy a tax on industrial corporations and utilities to raise ''$5,000,000 or $10,000,000" to prime his EPIC pump. He proposed to go to a man with an idle dress factory, for example, rent his plant for tax-receivable paper for three years, retaining the executives at their old salaries. Unemployed would be put to work making dresses for other unemployed, who would in turn be set to work as soon as possible in other factories...
...Department of the Interior for permission to build in Yosemite Park. For a decade successive Secretaries of the Interior backed and filled on the Hetch Hetchy project. President Taft appointed a board of army engineers to study the technical problems involved. Optimistically San Francisco voted a $45,000,000 bond issue. The last legal barrier fell in 1913 when Congress gave its full consent. By then Hetch Hetchy was a year past its real turning point. In July 1912 Engineer John R. Freeman drew up what have remained the basic plans for the system. Few months later San Francisco...
Long before Floyd Bostwick Odlum started to collect broken-down investment trusts for Atlas Corp., he traveled all over the world using his absolute power-of-attorney to buy hundreds of millions of dollars of utility properties for Electric Bond & Share. Before that he was a $75-per-month law clerk in Salt Lake City. And shortly before that the slight, sandy-haired son of a Methodist minister was married to Hortense ("Tenney") Mc-Quarrie, daughter of a Mormon elder...