Word: bond
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Dates: during 1950-1959
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Some six hours after he had been released on $1,000 bond for joining five Negro ministers in a violation of Georgia's bus-segregation laws (TIME, Jan. 21), the Rev. William Holmes Borders was back in the pulpit of Atlanta's Wheat Street Baptist Church to pay his respects to one of Georgia's outstanding citizens...
...symbol-not, as most men then thought, a Paul Bunyan of finance, but a gross glandular case of surpassing greed. Today, only one tiny match flare from Kreuger's mighty kingdom remains on the financial pages of U.S. newspapers. In mingled hope and irony, Kreuger & Toll 5% debenture bonds, with a $1,000 face value, sell on the N.Y. Stock Exchange for about $40. Before the bond's name appears the tiny letter "q," signifying "in bankruptcy...
ORGANIZATIONS Dollars for Israel Beneath the warm smile of Israel's visiting Foreign Minister Golda Meir, some 300 U.S. Jewish leaders met in Manhattan's Savoy-Plaza Hotel last week to plan a great new outpouring of American dollars for Israel. Before Feb. 28, said the Israel Bond Organization, it hoped to raise $20 million; before the end of 1957 it hoped to raise a total of $75 million designed to improve immigrant housing, speed up industrialization and "fill the gap in Israel's development budget created by the loss of other sources of economic...
...Since Israel was created eight years ago, American Jews have sent more than $700 million in charitable contributions and more than $270 million in cash from bond sales. The bond sales alone amount to an astonishing 35% of Israel's special development budget, and match the federal expenditures of the U.S. Government for the first 26 years of its existence. Foreign Minister Meir, just back in Manhattan after touring the U.S. on behalf of Bonds for Israel, was both grateful and impressed over the current outpouring of funds. "I have found that everyone recognizes that Israel's position...
Compared with the purchasers of common stocks, he wrote, the bond holders' position in current dollars deteriorated more than 60 per cent. "What is surprising," he said, "is their tenacity and patriotism in holding on to these bonds...