Word: bonding
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Dates: during 1930-1939
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...digesting balance sheets, mastering trade statistics, engineering huge combinations of Italian industry and grappling intelligently with the octopus of hard times. Last week, without turning to foreign bankers, Il Duce floated a new $50,000,000 loan entirely in Italy, kept the lira still at par, surveyed the foreign bond market on which Italian issues remained strong and perhaps congratulated himself...
...Philadelphia citizen who gave the community the best service during 1932 was a psychiatrist, announced the Edward W. Bok Award Committee, in giving $10,000 to Dr. Earl Danford Bond. Dr. Bond, 54, is director of the Pennsylvania Hospital's Institute for Mental Hygiene. He at once assigned the $10,000 for treatment of Philadelphia's indigent mentally deranged...
...their owners after the War, the railroads of the U. S. have been becoming a national Problem again, first as to regulation, next as to consolidation, lately as alleged sufferers from competition by trucks, buses, pipelines, airplanes. When their earnings contracted in Depression and not only dividends but bond interest became endangered, money was obtained from the R. F. C.-about $600,000,000 in all now-to bolster the railroads. And in September the biggest stakeholders, including 68 insurance, companies and four great universities, asked five leading citizens to head a committee of inquiry. Coolidge was named chairman. Alexander...
...trying to persuade the I. C. C. to let him have an official seat at Central's council table. Central's president, Frederick Ely Williamson, a Yaleman like Pennsylvania's Atterbury, has as his principal worry $80,000,000 in bank and R. F. C. loans, bond maturities in the next two years...
Baltimore & Ohio, whose President Daniel Willard is most famed for his labor dealings, has solved its own great problem: a $63,000,000 bond maturity in March. Backed by R. F. C. funds, it has persuaded nearly all bondholders to swap their bonds for half cash, half new bonds. Testifying last fortnight before a Senate committee, Daniel Willard focused attention on what has happened to railroad labor since the Depression. The B. & 0., he said, had cut its force 50% since 1929 and the process is continuing. Last week B. & O. shut down all shops...