Word: bonding
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Dates: during 1930-1939
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...days later, three local bodies with-in Cook County defaulted on bond principal and interest: the West Park Board, the Forest Preserves, the Sanitary District. The first two were second offenders. Total failure-to-pay amounted to $2,500,000. By Feb. 1 the County and the schools were also expected to be in default for $1,278,000 unless something very unforeseen intervened...
Another thing which the Senate Committee turned up in the course of its investigation was that a vast majority of these defaulted bonds and other foreign issues were held by the public ("Tom. Dick & Harry"), not by banks. Nevertheless last week many a national banker dreaded the call for his bank's statement of condition issued by Comptroller of the Currency John William Pole. With secondary reserves largely invested in high-grade bonds, which have declined to record lows, most banks faced big paper losses if they did not sell, big actual losses if they did. In August the Government...
...guilty with the seller was the legislative ambition of Senator Sheppard of Texas. Senator Hull of Tennessee wanted to repeal tariff flexibility. Senator La Follette of Wisconsin proposed to appropriate $250,000,000 for direct unemployment relief whereas Senator Wagner of New York called for a two billion dollar bond issue for public works. Senator Kean of New Jersey would turn Muscle Shoals over to Alabama and Tennessee. A bill by Senator Dill of Washington would equip the Senate chamber for radio broadcasting...
...very deplorable thing," replied Mr. Lament quietly, "but it is the great investing public upon which these declines in every kind of bond have chiefly fallen, rather than on the banks...
Newfoundland's serious money troubles started in May when Premier Sir Richard Anderson Squires darted from Montreal to New York and back to St. John's unable to sell a bond issue. The rumor started that Sir Richard was willing to sell about the only unmortgaged property of the Colony, the Territory of Labrador...