Word: cashing
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Dates: during 1920-1929
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...reasoned that if such a sinking fund were established, it would be invested in Government bonds; eventually the sinking fund would hold bonds equivalent to the value of the insurance policies outstanding; but in the final year when the policies are payable, the Government would have to raise enough cash to pay off all bonds in the sinking fund with accrued interest-in other words, that it was foolish to credit the Government with a profit on interest which it is paying to itself...
...Treasury declared that the total outlay by the Government would amount in 20 years to $4,856,750,087. The present value of the proposed insurance certificates, according to the Treasury, would be, alone, $2,264,757,591, not to mention $109,607,517 in cash payments to relatives of veterans deceased since the War and $172,000,000 for costs of administration during the next 20 years. It calculated that in order to meet the necessary payments, interest of from 13% to 15% would have to be obtained on the amounts proposed to be set aside as a sinking...
...with the deficit of $10,981,347 of the preceding year, an addition of $54,259,993 to surplus was thus made possible. But the striking feature of the report is after all in the balance sheet. The giant corporation on Dec. 31, 1923, had $143,499,628 in cash, $7,037,543 in time deposits, $64,086,486 in marketable securities and, plus other investments, a total of $346,226,742 of money in the bank or invested-almost enough to retire the $360,281,100 of preferred stock. Working capital at this latest date amounted...
Since 1905, Bethlehem has spent $279,587,159 in cash for additions and improvements. It is now second only to U. S. Steel as a large-scale unit in the industry. On Jan. 2, 1924, there were 49,497 Bethlehem stockholders, as against 27,080 a year before...
Such are the fortunes of publishing. George Horace Lorimer celebrated his silver anniversary with a weekly which has made Cyrus H. K. Curtis several fortunes in cash. At the same time the Interpreter clutched at the thin red line of thinkers. To one the American public is a gold mine of appreciation; to the other it is a laggard...