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...cutting off the supply of food to the county's charitable institutions unless back bills were paid. Civil employes drew on their small savings, borrowed on their property, went to moneylenders for cash at 10% interest per month. The police department announced that it would take no steps to compel its men to repay such usurers. City and county paymasters pondered the idea of paying off employes with the tax warrants, which the banks would cash only at large discounts...

Author: /time Magazine | Title: POLITICAL NOTE: Rat Hole | 2/3/1930 | See Source »

...insurance policy (adopted also by other surety companies) provides against losses through kidnaping robberies. Robber-kidnapers go to the home of the bank cashier, or other official, compel him to accompany them to the bank, to open the safe for them when the time-lock runs out. By the payment of a small extra premium, banks and businesses can protect themselves from such kidnap losses. National Surety Co. also wrote last week a suicide policy, said to be the first of its kind. A manufacturer (unspecified) wished to borrow $25,000 from his bank. As the business depended largely upon...

Author: /time Magazine | Title: Business: Crime Insurance | 1/13/1930 | See Source »

Significance. Heretofore the I. C. C., by rejecting merger proposals, has been telling carriers how they might not consolidate. Its own plan serves to show roads how they now may. The Commission has no power to compel roads to merge in accordance with its plan, which it frankly states is subject to "modification." Since rail consolidations became a public policy in 1920, grave doubts have arisen as to their present necessity. Carriers have improved financially by leaps and bounds, with few weak roads needing the aid of strong ones. The agitation in Congress for additional consolidation legislation is designed...

Author: /time Magazine | Title: TRANSPORTATION: Merger Plan Hatched | 12/30/1929 | See Source »

...Allen proposed that the legislature grant a charter to the Central Bank of Nebraska, compel all other State banks to surrender their charters and become Central Bank branches. The Central Bank would pay off the Guaranty Fund's deficit, capitalize at $20,000,000, become the sole depository for State funds...

Author: /time Magazine | Title: National Affairs: Bank Chains | 12/2/1929 | See Source »

...This immemorial prohibition the railroads enforced on the pretext that tobacco smoke, as contrasted with coal smoke, was offensive to lady diners. The roads' real reason was that after-dinner smokers would linger over their coffee, slow up service, keep other passengers waiting for seats. Such dalliance would compel the railroads to haul their diners farther than otherwise...

Author: /time Magazine | Title: WOMEN: Diner Smoking | 9/9/1929 | See Source »

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