Word: debtors
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...Imitating Barren Collier who compromised with his creditors (TIME, June 12), another overburdened tycoon, cinema's Jesse Louis Lasky, last week filed a debtor's petition under the new Federal bank ruptcy act. He listed assets of $134,000, liabilities of $2,020,000, laid his troubles to having personally guaranteed bond issues for Manhattan's Fifty-Seventh Street Building Co. and Eighth Avenue Building Corp. Said he: "I feel that I have been more than fair with all my creditors, for in order to pay the charges on the properties above mentioned. I have...
...been one of the most stimulating teachers who has ever held a university chair anywhere. The contemporary world is full of men who have been influenced unconsciously by him. Walter Lippmann contains more of Babbitt than either he or Babbitt would care to admit. In this case neither the debtor nor the creditor are heroes to one another...
...Hugenberg, No. 1 German cinema & press tycoon, said: "We Germans are the poor devils and have nothing more to lose. From the German viewpoint wise and peaceful co-operation between debtor and creditor countries might include two large-minded measures whereby Germany's capacity to make international payments might be increased. One of these steps would be to give Germany again colonial domain in Africa, which might be used by her as a basis for . . . great works and construction...
...Interest rates on farm mortgages will be reduced to 4½% for the debtor and 5½% for the creditor. The Government will pay the 1% difference to mortgage holders with another 300,000,000 marks in Treasury notes...
...homes. Last week he still owed J. P. Morgan & Co. $5,852,538.38 which the collateral fails to cover by about $1,000,000. Mr. Steuer makes the point that because of an unselfish effort to avert a disastrous crash in City Bank shares his client is a ruined debtor...