Word: crediteer
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Dates: during 1930-1939
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Draft Sirs: It is neither TIME nor TIME-worthy to take credit from the dead. See the last sentence in the carried-over paragraph on p. 15, July 3 issue: "It was he [General Johnson] who conceived and directed the Wartime draft." To Enoch Crowder belongs this credit-if credit it is: and not to General Johnson. It irks me to find errors in TIME. MRS. P. M. RUCLEAU Santa Barbara, Calif...
...securities; 2) to segregate U. S. Governments from other securities; 3) to specify the nature of Allied's surpluses; 4) not to change depreciation policy without so stating and to give annually the gross amounts of retirements from plant account; 5) to show all income as credits to income account before any transfers to surplus or reserve; 6) to segregate non-operating and non-recurring income from operating income; 7) to show the number of shares of the company's own stock held in its treasury; 8) to credit no dividends on such stock to income account...
...reflection of conditions as seen by the Congress perhaps may be had from the poignant words of a Senator on the floor of the Senate discussing the Economy Bill, officially entitled "An Act to maintain the credit of the United States," which, among other things, reduced pensions and allowances to veterans. He said, "Let no one be deceived! This is not a time of peace. We are in the midst of the most disastrous conflict that has ever cursed this continent. Measured in terms of human suffering this panic's war against us has been more asgonizing than...
...savings banks the rest. Banks which own stock in the trust company may, should the need arise, discount their bonds at S. B. T. just as a commercial member bank discounts its assets at the Federal Reserve. And S. B. T. itself can obtain Federal Reserve credit...
Second central reservoir was Institutional Securities Corp., a mortgage pool which can tap R. F. C. credit up to $100,000,000. I. S. C. will offer one more ready market for mortgages, may ease the pressure for foreclosures in the New York area...