Word: bonding
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Dates: during 1930-1939
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...backwoods." Neither is the famous, fertile Red River Valley. Neither is the rich, agricultural section of North Texas. (I'm attaching a map showing this country. You oughta read up about us. You'd get a different picture.) Something else. Take a peek at the bond market. L. & A. bonds look all right, don't they? Try our annual statement for last year! We're doing better than some who ain't "backwoods," ain't we? (Labor wasn't starved to get where we are either. Look into that too.) You might presume...
...Secretary of the Treasury, vacated last January by Thomas Jefferson Coolidge after he split with the Roosevelt Administration over U. S. financial policies. Last week Washington newshawks obligingly sent out the following, at the facetious suggestion of the Secretary of the Treasury Henry Morgenthau: "Wanted: Outstanding financial and Government bond expert worth $25,000 to $100,000 annually, willing to work for $10,000 a year as Under-Secretary of the Treasury. Good opportunity for reliable man. Must be willing to work. References required. Apply H. Morgenthau Jr., Secretary of the Treasury, Washington...
President Shallcross, former president of the Philadelphia Real Estate Board, secretary of the Union League. Said he as he posted $10,000 bond: "All that I ask is a fair trial...
...nearly a year of preparation, to convince Judge Mack that the Public Utility Act was unconstitutional, or at least to obtain a ruling on that point in order to appeal it, SEC's smart Attorney Robert Houghwout Jackson immediately opened a tricky gambit. He suggested that since Electric Bond & Share had never registered with SEC as the Utility Act required, the point at issue was not the constitutionality of the Act as a whole but that of its registration provisions. Electric Bond & Share, argued Attorney Jackson, was on an illegal spot. It could not call the constitutionality...
...broader question of SEC's grant of power, Attorney Jackson went into detail on the evils of holding company pyramids discovered in the Federal Trade Commission's survey of 2,300 utilities, on which the Utility Act was based. Conceding that Electric Bond & Share was not necessarily guilty of these evils, he observed that the Bond & Share texture was similar to those in which corporate bubbles had been known to form. He trotted out charts to show that 48% of the gas and 28% of the electricity distributed by Bond & Share's multitudinous subsidiaries were conducted across...