Word: bonding
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Dates: during 1930-1939
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...public works, mortgage refinancing. By this method of bookkeeping which many a critic condemns as concealing the true state of Federal finances, the President would "constructively"' balance the regular Budget, ordinary receipts against ordinary expenses, and perhaps have a small surplus. All extraordinary outlays, derived from long-term bond issues instead of current tax receipts, would be set aside for the next generation to pay off in better times. Thus the gross Public Debt would continue to mount as the result of capital investments but the annual Budget would look trim and shipshape...
...very precarious condition." But the warrant was read to the patient, a U. S. Commissioner appeared, and Mr. Harriman, wearing a white hospital smock tied behind his neck, was arraigned in his bed. A nurse raised him up and, taking a fountain pen, he signed a $25,000 bail bond. "Is that all?" he demanded peremptorily. "Then good evening, gentlemen," and sank back weakly on his pillow...
...left a directors' meeting, drove two miles out on a country road and shot himself through the head. In the automobile, atop his hat and glasses, was found a note: "The $50,000 insurance policy which the bank holds on my life will pay the depreciation on the bond account and allow the bank to re-open...
...technical but as bad-smelling as any recent receivership was that of the famed mortgage bond vendors, S. W. Straus & Co. Inc. Last week two receivers (one of them William A. Calder, former U. S. Senator), appointed to try to do something for the holders of $380,000,000 of securities sold by the firm, threw up their jobs saying that there was nothing they could do for the public. Straus & Co. had not guaranteed the bonds and. the receivers added, ''We find after a preliminary investigation that S. W. Straus & Co. is simply a shell...
Edward Milton '34 (D) defeated David Weld '34 (E), 3-2; G. C. Streeter '34 (E) defeated J. L. Noyes '34 (D), 3-1; C. H. Wood '35 (E) defeated A. H. Brown '34 (D), 3-1; Samuel Spencer 1L (D) defeated D. D. Bond '34 (E), 3-2; Captain W. S. Wellington '34 (E) defeated Vincent Palmer...