Word: by-passing
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...issue stop orders against dubious issues. Nor did it betoken a sudden return to 1929 prosperity for the investment bankers. Reasons: 1) it will not help them to compete any more successfully with the insurance companies, whose direct purchases of new securities have enabled many a big borrower to by-pass the market entirely; 2) defense expansion, being mainly for emergency, non-commercial purposes, will probably be financed more by bank and RFC loans than by public offerings of long term debt or stock...
...share on its 1,406,800 shares outstanding (top earnings $1.85 on 643,959 shares in 1935). Millions had gone into its transatlantic run, and Pan Am, so they thought, had grown too big for one boss. Last March Juan Trippe's wings were clipped. To by-pass most of his administrative functions, the Board named another man Chief Executive Officer: its chairman, polo-playing Cornelius Vanderbilt ("Sonny") Whitney, one of the original Argonauts who backed Trippe 14 years ago and had been Trippe's friend through most of the great adventure...
Hundreds of motorists speed without molestation along a by-pass of U. S. Route 1 right across the territory in insurrection and within a few yards of the grandstand. While races are taking place, thousands of unarmed men and women throng into the park, none of them apparently frightened by the prospect of meeting the things and public enemies of whom the Governor speaks...
Last week Miss Parsons pulled the biggest coup of her career. Bidding against four Baltimore and Philadelphia investment banking houses for a $30,000 issue of by-pass bonds offered by Salisbury. Miss Parsons submitted the lowest bid ($30,010 at interest of 2½%), walked off with the bonds to the genteel embarrassment of her competitors...
...fever, her husband was ready to go ahead with an operation on the Trammell infant. After a 54-hr. study of the case Dr. Dandy began the operation, which lasted two hours, through the side of the child's head. He found that he need not construct a by-pass for the cerebro-spinal fluid. Sufficient was removal of an obstruction between the lateral ventricles, cavities of the brain which lie in the region of the temples. His report to the public: "The baby came out of the ether all right, and is taking her feeding nicely. The operation...