Word: couponing
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...those of your bankers to provide this money without coming to the Government but feel that in offering to pay such a high rate you will be hurting all railroad financing and unnecessarily penalizing your own security holders." Forthwith Chairman Jones offered to underwrite the entire issue, provided the coupon rate was cut to 4%. ''We just want to help the railroads," he explained...
...from the banks to pay off a high-coupon bond issue. Last week, to pay off the banks, United-Carr marketed 50,000 shares of preferred stock through Boston's firm of Hornblower & Weeks...
Postal's problem is not unlike that of many a common carrier. Its annual revenues, now about $28,000,000, are not sufficient to meet fixed charges after paying all expenses. The bondholders will have to take at least a temporary cut in their coupon rate, and the preferred stockholders, who have had no return for four years, will probably be asked to accept a less preferred position in the capital structure. Knottiest question will be the treat-ment of the common stock, all owned by I. T. & T. The Brothers Behn not only issued more than...
...Street, Manhattan.* When it was founded most bankers hesitated to accept women's accounts because bank lobbies were usually crowded with male customers "among whom it is not agreeable for a lady to penetrate." Fifth Avenue Bank thought differently. It built a handsome parlor where ladies could "cut coupons and eat bonbons with equal relish." Off the parlor was a room furnished with manicuring scissors, hairpins, violet water, lavender salts, scented soap. In the coupon rooms the directors thoughtfully provided threaded needles. Black-bonneted dowagers drove their carriages up to the bank by the hundreds to enter their names...
Johnny Price lives in San Francisco and does nothing more tiring than clip the occasional coupon that enables him to pay room rent, drink and stand around on street corners. One day he meets up with a little old man, who makes a queerly indelible impression on him. Thereafter Johnny never knows when or where the little old man may appear; he begins to feel haunted. There is something terrible about the old man's eyes: he can stop a charging barkeep just by looking at him. Sadly troubled in mind, Johnny goes walking at night in Golden Gate...