Word: bonding
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Dates: during 1930-1939
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...raises an interesting question of foreign competition for gilt-edged loans. Foreign banks are not under the control of the Securities Act. Should American banks stand by and see 6 per cent, loans go to other countries? Naturally they want to make money by lending it and with the bond market stagnant and relatively few good bonds available except at low yields, the banks are looking toward 6 per cent, loans as promising them a chance to overcome these last three years of meager return...
...Wagner had a cause for civil action against the local manager if the fee were not paid as per contract. He could have demanded cash in advance or the filing of a bond for the payment of the fee. He did neither. Mr. Thomas' patrons suffered discomfort, inconvenience and perhaps financial loss through no fault of their own. Custom, in the forming of which the public has no voice, cannot absolve the artist nor his manager from responsibility...
Shortly after an irascible holder of a German bond tried to attach the S. S. Europa one day last January, the Council dispatched Lawyer Laird Bell to the Berlin conference between the German Government and John Foster Dulles, acting as representative of the U. S. banking houses which had issued German bonds. Upshot of that conference was a slight increase in interest payments on German dollar bonds and a promise by the German Government that it would cease treating European creditors more handsomely than U. S. creditors...
...Winkler, foreign bond expert, flayed many details of the pact, claiming that since the U. S. buys 70% of Brazil's annual coffee exports, U. S. creditors deserved better treatment. And no sooner were the terms of the decree published than British bondholders also began to grumble...
William G. Chase '34 (L) defeated Gordon C. Streeter '34 (E), 3-2; Edward P. Davis '34 (E) defeated Robert R. Lucas '34 (L), 3-2; Emmett H. Roorbach '34 (L) defeated Douglas D. Bond '34 (E), 3-2; Alfred S. Hartwell '34 (E) defeated Bartram Kelley 1G (L), 3-2; Sebert E. Davenport '34 (E) defeated Benjamin Rowland...