Word: crediting
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Dates: during 1920-1929
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Following the suggestion of Secretary of Commerce Hoover that the best " sequel to a destructive flood is a flow of credit (TIME, Nov. 28), a committee of New England bankers chosen by the New England Council announced the formation of two corporations : 1) The New England Flood Credit Corporation, chartered in Delaware;! a holding company to find the market and sell $1,000,000 worth of guaranty stock in- 2) The Vermont Flood Credit Corporation, chartered in Vermont. Vermonters will be asked to take up $250,000 of the stock; outsiders $750,000. Vermont bankers will make relief loans...
After a businessman ships a batch of goods, he frequently needs cash. He goes to his bank with documents showing that he has shipped the goods and that he will be paid a certain sum on a certain date. If his commercial credit is good and if the credit of the buyer is good, the bank will discount his "paper." Such "paper" is a "trade acceptance." U. S. banks at present have between $800,000,000 and $900,000,000 worth of trade acceptances representing domestic commercial transactions. They have even more-$975,000,000-representing international business...
...have just ordered two extra copies of the Nov. 14 TIME from the Cleveland office and wish to express my appreciation to those to whom credit is due for so excellent a number of my favorite magazine...
...those dividends be regular. There was a flourish of expectations among Manhattan stock brokers. They thought that foreign concerns would swarm to list their stocks. However, foreign investors are amply able to buy their own sound securities. So last week the stock of only one outlander company, the Austrian Credit Anstalz, stood on the Manhattan Exchanges' list, and only one other, the Trading Company of Amsterdam, had even applied for listing during the two months...
...miracle, capturing it, in the Fairbanks manner, unassisted. Treachery and leprosy combine to despoil him of his victory. But on his side there are the mountain girl, the girl of the shrine, and of course the Virgin. A triple play, in which a herd of cattle deserves credit for assisting the denouement, gets the Gaucho out of jail, rescues the city once more from the army of Ruiz the usurper and restores the mountain girl to the arms of her inamorata. Immediate marriage is in prospect as the projection machine stops buzzing. As a rule, the important thing...