Word: convertibility
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Dates: during 1930-1939
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...good, it will prevail. But I don't know what Social Credit is. I may be dense." That was the way Alberta's bondholders felt when, on the heels of the default, Premier Aberhart rushed through its first two readings a bill enabling his government to convert its entire $160,000,000 indebtedness into a non-maturing stock issue paying 2½% interest. Best financial thought on this maneuver considered it a newfangled way to scare investors silly, then offer to refinance their holdings at reduced interest rates. Premier Aberhart's second maneuver was to introduce this...
Mistress of a popular Paris salon, Mme Cuttoli found it easy to reach her painters, hard to convince them that their fluid daubings could be fittingly reproduced in silk and wool. Her first convert, five years ago, was Georges Rouault, onetime apprentice in a stained-glass factory. But the painters were simple to manage compared to the weavers. Those sensible artisans, with six centuries of conventional design and solid, forthright colors behind them, threw up their hands in horror at Rouault's grotesque figures and great splashings of brick red and blatant blue. "Mais non!" cried they. "We will...
When Bishop James Hugh Ryan departed from the Catholic University of America in Washington to become shepherd of Omaha's Roman Catholics (TIME, Nov. 25), the trustees of that Pontifical institution decided upon a convert Catholic for the University's next rector-Dr. Robert Howard Lord, once of Harvard, now a Church History professor at St. John's Seminary, Brighton, Mass. The Holy See and its Apostolic Delegate in the U. S., however, do things in their own way. Last week was announced the appointment to the Washington post of Monsignor Joseph M. Corrigan, 56, rector since...
Revealed for the first time last week. Phillips' income statements clearly registered the rise of 5? soups in the past two years. Sales climbed from $5,800,000 in 1933 to more than $9,000,000 in 1935. But Colonel Phillips was not able to convert much of that gain into profits. They rose only about $123,000 above the $605,000 reported in 1933. Gross margin of profit increased, but overhead and selling expenses nearly doubled, presumably because of 5? soups...
...West, out of sympathy with his father's commercialism, his reactionary social code. Some of Shigeo's friends are arrested on suspicion of Communism. Shigeo, fearing that he may be implicated with them, is reassured by his old friend Major Honjo, a kind-hearted Christian convert who carries on a one - man rescue mission among the Yoshiwara women. At one of Major Honjo's Sunday Bible readings Shigeo meets and falls in love with Kimi. the latest addition to the Major's household. Old Yamano, deprived of his mistress, discovers her whereabouts from his unsuspecting...