Word: bonding
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Dates: during 1930-1939
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What prompted the Dalrymple statement was the fact that there is today under government bond in the U. S. only about 6,000,000 gal. of medicinal hard liquor. After Repeal the country would gulp this all down in a few weeks. Because it takes four years to age real whiskey, an acute domestic liquor shortage looms unless production is again permitted. As it is unlikely that the Federal Government will grant that permission in advance of final Repeal, foreign liquor manufacturers have amassed enormous surplus stocks for shipment into the U. S. at a moment's notice...
...instant effect of his offer of a $3.85 bond conversion rate when the monetary exchange was above $4.85 was to stop the decline of the dollar and give it an upward fillip. Simultaneously the recent Wall Street boom, partly induced by a falling dollar, collapsed (see p. 45). On the theory that Chancellor Chamberlain's fiscal acumen is very great indeed, he was credited with a deliberate and successful move to start sterling downhill...
...Comptroller, indicted four months ago for malfeasance; by his own hand (pistol), after shooting and critically wounding Chief Deputy Comptroller William Wendt, whose testimony before the grand jury, Kotecki believed, had made it appear that the city had been mulcted of some $500,000 through his careless checking of bond transactions; in Milwaukee. Died. Dr. Raymond Philip Dougherty, 55, professor of Assyriology and Babylonian Literature at Yale, curator of Sterling Memorial Museum's Babylonian Collection; by his own hand (hanging); near his home in Hamden, Conn. In April he had suffered a nervous breakdown. Died. Dr. Frederick Henry Baetjer...
...Military Intelligence during the War, became intimate with Col. House, served as British adviser at Versailles. He has been with K. L. since 1921 although only made a partner four years ago. Another is George Wallace Bovenizer (a partner since 1929) the affable head of K. L.'s bond business, whose personal popularity has brought the firm much business.* Still another is Benjamin Buttenwieser, manager of the firm's syndicate department, with the firm since 1918 but made a partner only since 1932. On these non-family members the brunt of the investigation is expected to fall...
Partner Kahn asserted that his firm never actively sought new business, but waited, as befitted the banking house second only to J. P. Morgan & Co., for clients to come to it. Denouncing cut throat competition for bond issues, he declared that once "in those mad years [1926-28]'' 15 U. S. bankers were in Belgrade. Jugoslavia, participating in "an undignified scramble'' for an issue. "There were times," he said, "when a dozen were in Central . . . and Latin American states outbidding each other in a foolish, reckless search for business." "Was your bank represented at Belgrade?" asked...