Word: bonding
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Dates: during 1930-1939
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...President de Cespedes last week earmarked $194,000 for payment of interest and amortization charges on the $50,000,000 loan from the House of Morgan, another $1,200,000 to pay off two of the five coupons in arrears on Cuba's $20,000,000 public works bond issue...
...refusal to cut city salaries beyond the voluntary 10% deduction set aside for relief. Taxpayers had to resort to the initiative & referendum to chip $7,000,000 off the 1933 budget. Municipal employes went unpaid during April, May and June while, the city hoarded cash to meet its bond interest payments. A grand jury, discovering a $500,000 embezzlement of city funds, indicted Comptroller Louis M. Kotecki for failing to discover the loss in his treasury audits. One day two months ago Kotecki shot himself dead after wounding an assistant. Delinquent taxes exceed...
...troubles with St. John's Church-by-the-Sea were of long standing. Last winter, as chairman of the church council, he squabbled over policies with the pastor, Rev. Felix G. Robinson. One day Pastor Robinson angrily struck Businessman Ackerman, who retaliated. Businessman Ackerman held a $10,000 bond as guarantor of a mortgage on the church. To protect his investment he bid in the church at a foreclosure sale. Last week he presented his fellow Lutherans with an ultimatum: they could oust Pastor Robinson and buy Businessman Ackerman's church, or they could get out. The congregation...
...Treasury was overflowing with ready cash last week when the Government completed its Aug. 15 refinancing operations. On that date it had sold $1,188,901,650 worth of U.S. securities- $835,036,650 in 3¼% bonds and $353,865,000 in 1⅜% Treasury notes. The bond issue was announced for only $500,000,000 (TIME, Aug. 14) but this limit was greatly exceeded to accommodate an army of small investors whose subscriptions were allotted in full. After the Treasury had deducted its exchange of old securities for new, met a batch of maturing obligations and paid...
...Kansas where a startling bond forgery was uncovered fortnight ago (TIME. Aug. 21), State Treasurer Tom Boyd was last week arrested. Fred Harris, special investigator for Governor Landon. declared that Treasury records had been juggled, that Ronald Finney, accused of "uttering" $1,000,000 in forged bonds, had supplied Boyd with $3,000 so that interest could be paid (to prevent discovery when forged coupons were presented...