Word: bonding
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Dates: during 1930-1939
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...same time, the bond which once linked him with Cecil Day-Lewis and Stephen Spender has almost been severed, for both have taken the road to overt political action as advocates of the Popular Front in Great Britain. Will the bond finally snap? Or will it be repaired and will the three be joined again as the triumvirate of English poetry searching for "new country" of political and social experiment as well as of literary discipleship to masters like G. M. Hopkins, Yeats, and Eliot...
...current jitters over the outlook for U. S. money rates. Another boost in bank reserve requirements to sop up potential credit had been expected for months. That the move would mean a reversal in the long downward trend of interest rates was by no means a remote possibility, and bond prices accordingly tumbled...
Federal Judge Julian William Mack last week rendered a decision which gave the Securities & Exchange Commission an important preliminary victory in its great test case against Electric Bond & Share (TIME, Nov. 23). Perverting nothing, he saved the registration provisions of the Public Utility Act of 1935 by declaring them constitutional regardless of the constitutionality of the act as a whole, ordered Bond & Share to register with SEC or be enjoined from interstate business. This restricted ruling was what SEC wanted and what Bond & Share, itching to get the whole act up before the Supreme Court, did not want...
Judge Mack found that, contrary to Bond & Share's argument, the provisions of the act which compel utility holding companies to register and file information with SEC could themselves "be given legal effect as a separate, workable act," that they were thus separable from the other provisions and had been so intended by Congress. On the question of their constitutionality he ruled that, as Congress has the power to regulate electricity and gas rates in interstate commerce, it can require, as an aid to that regulation, full information from the companies involved. Dismissing Bond & Share's cross bill...
...written in 1930 by John Minor Botts Hoxsey, listing expert of the New York Stock Exchange, warning that "public protest" would follow the multiplication of such corporations as the Van Sweringen holding companies, for which Guaranty Co. underwrote and the Stock Exchange approved an ill-fated $30,000,000 bond issue that year (TIME, Jan. 25). Last week Senator Wheeler (delightedly confronted Richard Whitney, Depression president of the Stock Exchange, with a bigger and better memorandum by Mr. Hoxsey, written in 1926, and with Mr. Hoxsey himself...