Word: cashing
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Dates: during 1920-1929
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...issued substantially in the form of promissory notes of 1,000,000,000 marks each ($250,000,000), and these notes to be cancelled one by one as Germany pays her creditors billion after billion in each of the three ways outlined, namely from the proceeds of bonds, by cash transfers and by transfers in kind...
Last week the 150 state banks of Naples wired to Rome, asking that fifty million lira ($2,500,000) be rushed south at once. Throngs of Neapolitans danced and cavorted through the streets, shrieking, delirious with joy. When the cash began to arrive in vanloads, each of the 150 banks became a scene of pandemonium. Once again...
...income lost by the Pope in 1870, when the Papal lands and corresponding revenues were seized by the Italian State. Today, however, the State has promised, in the newly signed Italo-Papal treaty & concordat (TIME, Feb. 18), to indemnify the Holy See for its losses of 1870 by a cash payment of $92,000,000. Therefore the act of Pope Pius, last week, in despatching a half-million francs worth of "Peter's Pence" to Mexico, seemed to augur that a new underlying theory of "Peter's Pence" is being evolved by the prelates of the Papal State...
...their annual meeting on April 15, stockholders would be asked to approve an increase in authorized common stock from some 7,500,000 to 12,500,000, thereby potentially capitalizing the company at $1,250,000,000. From new stock to be issued at terms to be fixed, cash will be received to redeem all the bonds of the parent company. Thus Steel common becomes "as good as a bond," which was the astoundingly imaginative ambition of Steel's Creator Morgan...
...already expanded by a 40% stock dividend shortly before he died in 1927. The new capitalization also removes the last traces of Carnegie; for although he had provided that some of the bonds should never be retired, most of the holders of the special Carnegie bonds have agreed to cash...