Word: cash
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
When AAA went by the board last January, President Roosevelt whipped through a befuddled Congress a stopgap measure called the Soil Conservation and Domestic Allotment Act (TIME, March 9). The prime purpose of that law was to restore the flow of cash benefits from Washington to the nation's farmers which the Supreme Court decision had rudely interrupted. Yet the Soil Conservation Act compelled no farmer to do anything about limiting his production. If he shifted cash crop acreage to grass, the Government would pay him something. If he did not, the Government was powerless to deal with...
...thieves had been put under lock & key, $310,000 of the $590,000 recovered. No. 1 man, whom the G-Men called "one of the shrewdest security thieves in the country," was a shifty-eyed, weasel-faced Manhattan barber. For all their trouble, the gangsters had been unable to cash one note. How they had effected the robbery in the first place was the Department of Justice's secret until the trial...
...like Lord Beaverbrook, Lord Rothermere and William Randolph Hearst. For three years outside interests proposed and counterproposed, stockholders and creditors wrangled among themselves and with outsiders. Most likely plan was offered in 1934 by Bowater's acting for a Beaverbrook. Bondholders were offered new bonds for principal and cash for the interest. Banker McGregor's committee thought this fair enough. The Plan fell through, however, when stubborn preferred stockholders blocked approval. Still undaunted, Banker McGregor dug in again and waited. By this time, because of his insistent demands for 100? on the dollar, the dogged banker had earned...
...this group was a new company called Pacona Ltd., sponsored by the Manhattan firm of Lehman Bros., and Canadian affiliates of Aluminum Co. of America, including Saguenay Power Co., Price's largest unsecured creditor. Pacona's offer was the answer to a protective committee's dream: cash for principal, back interest and all committee expenses...
This week not only those Price bondholders who deposited their securities with Banker McGregor but even those who held off will be able to turn in paper for cash on the line. Banker McGregor lives in fancy Chestnut Hill outside Boston, is fiftyish, greying, handsome. New Hampshire-born of his family's eighth generation in this country, he went early to work for Harris, Forbes & Co., became its president in 1930. Now out of investment banking, he takes up his time with golf, directorships, an occasional reorganization, lays the blame for his partial leisure upon...