Word: bonding
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Dates: during 1930-1939
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Under the auspices of the Bond Astronomical Club a series of "open nights" will be held at the Observatory on Concord Avenue, Cambridge...
Shocked into a state of profound grumpiness were the well-heeled members of the Bond Club of New York a month ago when SECommissioner William Orville ("Bill") Douglas in the course of a luncheon address opined that continuity of relationship between corporation and investment banker was of "unestablished value to anyone except the banker" (TIME, April 5). Equally heretical were other Douglas views. Being more circumspect than some of their industrialist clients, the bankers did not rush to microphone and rostrum with denunciation and alarm...
Instead the Bond Club called upon the logical man to make an authoritative rebuttal, the head of their tight little trade body-President Edward Bigelow Hall of the Investment Bankers Association of America...
...hear Banker Hall-the Hall of Chicago's Harris, Hall & Co.-the Bond Club last week turned out in full force. In a good-tempered reply to the Douglas broadside Banker Hall keyed his speech to the general thesis: "Always it is important not to kill a lot of fine wheat in an effort to stamp out a few weeds."As to the value of long-established banker-client relationships, Banker Hall quoted Britain's famed McMillan Report to the effect that what Old England needed was'not less but more co-operation between finance and industry...
...latest move in the simplification program is to lump the same Hearst Consolidated properties, with one exception-the profitable New York Evening Journal-in a wholly-owned subsidiary called Hearst Publications, Inc., which now proposes to offer $22,500,000 worth of bonds to the public. Nearly all the proceeds will be used to pay off bank loans and refund old bond issues, many carrying William Randolph Hearst's personal guarantee...