Word: bonding
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Dates: during 1930-1939
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...other experts; would limit the liability of underwriters to their share of issues underwritten; would shorten the period in which suits might be brought; would require proof that misleading statements had actually led to losses by investors; would prevent blackmail and nuisance suits by requiring litigants to post bond and pay costs if they lost. This amounted to an indication on behalf of the President that business was to get reasonable consideration, not merely to be the butt of the New Deal. ¶ "Deeply shocked and distressed" was President Roosevelt when he heard that his onetime Secretary of the Treasury...
Typical of A. F. of T.'s aims was its Cleveland local's petition. It asked that : 1) the 1920 salary schedule be maintained as a standard;* 2) no teacher be paid less in 1935 than in 1934; 3) bond retirement costs be adjusted to make more money available for payrolls; 4) teachers get their share of any delinquent taxes collected...
...tariff rate. Domestic rye producers protested that this would be dumping, urged Secretary of the Treasury Morgenthau to use his powers under the Tariff Act of 1930 to raise the duty on rye by an amount equal to the bounty. He ordered some of the rye placed in bond, pending a decision. Fortnight ago he decided that the Polish imports did not constitute dumping as defined by the Tariff Act. The rye was therefore released for sale with no extra duty. Presumably the Secretary was anxious not to disturb the newborn distilling industry or allow a rye shortage to raise...
...Glenn L. Martin Co. moved to a superb new plant near Baltimore. To finance this project the company floated a $3,000,000 bond issue. After five lean years Founder Martin realized that he must let the public into his private company as a means of meeting its maturities. The $6,000,000 Martin company has never been a gold mine. Development costs in military aviation preclude bulging surpluses. In 1927 and 1928 Martin reported annual profits of about $500,000 but in 1932 the company just broke even, last year lost $140,000. Martin entered this year with some...
...Dennison (E) defeated Ott (A), by 7-5, 6-2; Hutchinson (A) defeated Morril (E), by 6-4, 6-4; Thatcher (E) defeated Timkin (A), by 2-6, 6-4, 6-1; Streeter (E) defeated Anderson (A), by 7-5, 6-2; Gonzalez (A) defeated Bond (E), by 6-4, 6-4; and Woodward (A) defeated Hartwell...