Word: bonding
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Dates: during 1930-1939
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...their innings. In Tokyo last week it was considered more than likely that wily Stooge Baba had sold the Army some such idea as that he knows all the tricks of assassinated Finance Minister Takahashi, who for generations was the Empire's amazingly successful floater of Japanese bond issues both at home and abroad...
...Cost of bonding, paid by the employer, varies, but in general six or more employees, bonded for from $30,000 up to $500,000 in the aggregate cost from 27½? to 55? per $100 per year. The greater the bond, the lower the cost per $100. Thus $100,000 of protection would cost, in annual payments, $330. On this basis, embezzlement is rated as about a 300-1 chance. Pawnbrokers come high at $1 per 100. So do real estate agents and property management companies at $1.50 per $100. Fidelity insurance brings in about 40% of National...
Major expenses like the state housing board, and bond issues for building programs are wretchedly enough controlled to warrant a general budget-housecleaning; but it is the countless number of petty outlets for corrupt spending that really bleed the taxpayers dry. The cool and straightforward way in which their representatives who drew up the report have ferreted out and condemned these rampant evils, shows that there exists in this state, at least, a strong public determination to clean up a particularly harmful form of graft. Legislators will have to give ear to this growing voice of discontent, for, like William...
...total, and transportation costs were almost $1,000,000,000 lower than the boom-time figure. But when nearly $3,000,000,000 are taken off receipts and less than $2,000,000,000 off costs, the railroads are still about $1,000,000,000 under prosperity levels. And bonds clamor for interest in even the worst of times. The fixed charges, mostly bond interest, of U. S. railroads are still in the neighborhood of $700,000,000 a year. This is the hardest nut for railroaders to crack...
When Treasury issues are oversubscribed, the individual subscriptions are merely scaled down proportionately. Banks, corporations, bond dealers, private investors therefore generally ask for more securities than they really expect to get. This time the Treasury's offerings were very tempting in comparison with other Government issues, with the result that subscriptions were "padded" more than usual. Moreover, in their eagerness to get bigger allotments, some dealers persuaded friendly corporations to put in additional subscriptions for them. One Midwest manufacturer, Mr. Morgenthau declared, had sent in a "terrific subscription," obviously a "phony." All suspiciously large subscribers were...