Word: bonding
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Dates: during 1930-1939
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...Canadian Province of Alberta last week defaulted payment of $3,200,000 principal on two matured 6% bond issues issued in 1916, thus became the first Canadian Government to welsh on a financial obligation. Elected on a platform promising ''$25 a month dividends to every citizen." Alberta's sanctimonious, bulb-eyed Premier William C. Aberhart explained: "We haven't the money. I'm sorry." Fact was that ''Bible Bill" Aberhart had inherited a $150,000,000 load of indebtedness from his predecessors, had only $140,000 with which to make an interest "token...
...City. At his Kansas City audience-Professor Spaeth boomed the savory part of a remark which had endeared him to whole classes of Princetonians: "When two men love the same woman it doesn't make for friendship. But when they love the same book there is a magnificent bond between them...
...official victims struck back at their radio tormenter by distributing about Trenton mimeographed sheets in which they snickered at Carter's "Bond Street elegance and Piccadilly flair," observed that he "flew through the air with the latest of cheese," recommended "more ether" for such radio commentators. Equally irate was Mercer County Grand Jury Foreman Allyne M. Freeman at Carter's implication that politics, not justice, motivated his jurymen. Cried Foreman Freeman: "A cowardly, libelous and malicious lie! I consider his comments an insult to the Grand Jury. I shall never accept a penny nor an ounce of political...
...harbor entrance in one 6,450-ft. leap. Hung on two 746-ft. towers, 4.200 ft. apart, it will be the largest suspension bridge in the world when opened about March 1937, will have but a six-lane automobile deck with two pedestrian walks. Its cost, financed by local bond issues...
...average U. S. citizen. No surprise was the fact that Pacific Gas & Electric stepped into the capital market last week for $90,000,000 of refunding money. But when a banking group headed by First Boston Corp. and Mellon Securities Co., Inc. floated a $75,000,000 bond issue for Eastern Gas & Fuel Associates last week, many an investor had to plough through an 85-page prospectus to find out what the company...