Word: debtors
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...pays no interest on its bonds. Bondholders' committees have repeatedly tried to get a re-accounting, new management and some money on their investment. Last week a petition was filed in Brooklyn Federal Court to reorganize the hotel's operating company under the new Bankruptcy Reorganization Act. "The said debtor corporation," read the petition, "is insolvent and for 18 months has been unable to meet its debts as they mature. . . ." Assets were listed by the petitioners at '$5,000,000, liabilities at $8,750,000 including bond interest. Last year Hotel St. George's net income was $22,691 against...
Last week Senator Huey Pierce Long could tell all the debtor-farmers of Louisiana and any others who cared to listen, that, singlehanded, he had caused to be enacted a major measure for their relief. The measure was the Farm Bankruptcy Act which President Roosevelt signed just before leaving for his holiday. In the final hours of the last session of Congress, Senator Long, filibustered this non-Administration bill to a vote, and a vote meant passage. The latest device to hoist the U. S. farmer out of his mudhole of debt provided that...
...American people are certain to be swayed by the use which debtor countries make of their available resources- whether such resources would be applied for the purposes of recovery as well as for reasonable payment on the debt owed to the citizens of the United States or for purposes of unproductive nationalistic expenditure. ..." In short, France, which has spent millions for armaments but not a sou on its debt in the last two years, cannot expect to be let off easy...
...have made it clear to the debtor nations again and again . . . that each individual nation has full and free opportunity individually to discuss its problem with the United States." In short, the U. S. will listen to reason, but debtors must not try to gang up on the U. S. with threats of joint action...
...Grandson William Donner Roosevelt; Dr. Clarence Cook Little, director of the American Society for the Control of Cancer. President Roosevelt sent a message of good wishes to "Memorial Hospital [whose] human clinical research and service in the field of cancer and allied diseases have made the whole country its debtor." President Roosevelt's message summed up the attitude of the congregation in the Waldorf-Astoria that evening. There has never been any valid criticism against Memorial Hospital since Mrs. Elizabeth Hamilton Halleck Cullum, granddaughter of Alexander Hamilton, founded the institution as a protest against those who considered cancer...