Word: debt
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Dates: during 1950-1959
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...stringing her along" because she helped him forget his financial troubles and let him use her car. Moreover he didn't really dislike his wife and children. Blowing up the plane with 16 people aboard, he said, just seemed like the most sensible way to get out of debt...
...concerned there would be no change. Why, asked another stockholder, does A.T. & T. raise new capital by selling stock instead of floating bonds? Wilson won a ripple of applause as he answered: "The company is ... a stockholders' institution and not a mortgage debt institution which would finally mean that we would run to the Reconstruction Finance Corp. or some other Government agency to bail...
...Utah. All the computers and calculators of the U.S. Bureau of the Budget clicked off the same answer: Utah wasn't spending enough money, wasn't drawing her full allowance of federal grants-in-aid. Quicker than he could count up the digits in the national debt, an investigator was winging his way toward Salt Lake City to find out what was the trouble...
...many years ago Wall Street had written off Cities Service, the $1.2 billion hodgepodge of oil and utility companies put together by the late Henry L. Doherty. In a lusty expansion, Doherty had plunged the company $500 million into debt on the eve of the 1929 crash. By 1935, when the Holding Company Act threatened to break up the electrical utilities which formed the empire's backbone, Cities Service common stock had plummeted to 75? from the 1929 high...
Quick Recovery. Instead of wailing over the 1935 utility "death sentence," Jones saw it as a chance to sell the power companies for a profit and expand Cities Service's oil and gas operations. He plowed earnings back into paying off the mountain of debt, cut it in half. By World War II, his reputation was such that the U.S. grabbed him to boss the building of the $143 million Big and Little Inch pipelines. When the Government wanted an aviation gasoline refinery in a hurry, it lent Cities Service the money to build a $75 million...