Word: bonding
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Dates: during 1930-1939
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Earle Bailie had been called from the banking firm of J. & W. Seligman, of which he is the most active partner, to coach Acting Secretary Morgenthau, himself no banker, on large scale bond flotations. Had Senator Couzens been pressed to explain why he wanted Earle Bailie fired, he would have pointed to the Senate's foreign bond investigation which two years ago found some defaulted Peruvian bonds sponsored by J. & W. Seligman, and a $415,000 "commission" paid by the firm to the son of Peru's late President Leguia...
...verge of bankruptcy and financial chaos. . . . The City of New York is not in receivership; it is not on the verge of bankruptcy." Point of Governor Lehman's vehemence was that he himself had sat down last summer with Manhattan bankers and arranged for loans and bond flotations to carry the city for four years. He felt that a simple reopening of the budget by the Legislature was all that was now needed. As to charter reform, he had already, in his annual message, recommended a charter commission composed of Alfred E. Smith, onetime Governor Nathan L. Miller, Nicholas...
...first time last week the Federal Trade Commission invoked the Securities Act against a company which had already sold a bond issue. The company was Laclede Gas Light Co. (St. Louis), an operating subsidiary of Promoter Harley L. Clarke's Utilities Power & Light. In registering a $3,000,000 bond issue with the Trade Commission, Laclede directors had signed a sworn statement that no suits were pending against the company which would affect the new bonds' value. After the issue had been distributed, the Trade Commission stumbled on the fact that there were rate cases pending against Laclede...
When plump young Ronald Tucker Finney, prize bond broker of Emporia, Kans., was spending money few men in Kansas outdid him. He owned two Arabian thoroughbreds, a Bellanca monoplane, a fleet of automobiles, a Wild West show (101 Ranch), a floodlighted tennis court. When he was arrested for forging nearly $1,000,000 worth of municipal bonds (TIME, Aug. 21) he precipitated a scandal such as few Kansans have ever begotten. But when his father, Warren Wesley Finney, bank president and pillar of Emporia society, was convicted of embezzlement and sentenced to from 36 to 600 years in jail (TIME...
...dimensions, and should be praised for his simple, homespun way of living and working; he should be glorified in poem and ballad, and should develop a tried and true clientele of drinkers hardy enough to withstand the ravages of excess. Fancy and phoney foreign liquors, and bottled in bond American whiskeys, are to be left to the effete, in the reform which I envisage, while the great mass of the drinkers of the country, deserting their bathtubs, are to "buy American," and patronize the old men of the mountain...