Word: bonding
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Dates: during 1930-1939
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...Hoover-Garner battle began when the House & Senate conferees compromised on a general relief bill. President Hoover objected to public works financed by a bond issue as "pork." The conferees agreed to an innocuous $322,000,000 construction program which the Treasury, if it chose, could undertake when it had enough cash. On direct relief to the needy the White House view also prevailed when the final bill provided the R. F. C. with $300,000,000 to be lent to states on the basis of need rather than population. The third provision-R. F. C. loans-was the anvil...
Over Cuba's aristocratic House of Mendoza hovered last week scandal and disgrace. Mendoza menfolk are among Cuba's leading lawyers. They represent American Sugar Refining, Electric Bond & Share. Last month socialite Senora Mariana de la Torre Mendoza became the first woman ever arraigned before a Cuban court martial. She, her son Dr. Igacio Mendoza and a nephew, were charged with conspiracy to assassinate on June 10, by means of a 6-lb. dynamite bomb, General Gerardo Machado y Morales, President of Cuba...
...MacDonald-Herriot formula, if signed, should become binding immediately upon its ratification by a majority of the signatory powers. In other words France must not be permitted to keep everything in suspense until after the U. S. elections by delaying her ratification. Secondly the Chancellor declared that the German bond issue could not be for more than two billion marks, half what the Allies demanded and 1/57 of what Germany agreed to under the Young Plan. Finally von Papen demanded the writing into the formula of a declaration that the bond issue would be in no respect an expiation...
Chicago's "L." In 1931 Chicago Rapid Transit Co. (elevated railway) carried 152 million passengers at 10¢ a ride. In 1929 there were 196 million passengers. The result of 1931's operations was a loss of $1,298,000 after bond interest. Last week no dissenting voices were heard when the company, which has not yet paid its 1930 taxes of $1,812,000, was petitioned into receivership...
...issue the amount that Germany owes them in international currency and pay themselves, each nation to be given her previously agreed share. This would be fiduciary currency guaranteed by the Allies to have the same par value as gold. Each nation could deposit in a central bank a bond equal to the value of her share of reparations. Should any nation attempt to discount this currency she would forfeit her bond. With the first allotment of this currency, each nation would agree to purchase silver. This silver would replace the original guarantee bond, which would be retired immediately, leaving...