Word: debts
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Dates: during 1930-1939
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...boyhood in a Leghorn convent. At 10 he is apprenticed to and given his last name by the Scottish merchant who by a happy chance, though Anthony never finds out, is his maternal grandfather. He marries the cook's daughter (Olivia de Havilland), leaves her to collect a debt in Cuba, goes to Africa to make a fortune in the slave trade, returns to Leghorn to find his Angela gone, his grandfather dead and the family housekeeper misbehaving with a grandee who Anthony does not know was his mother's husband. Having escaped the efforts of this malevolent...
...most Connecticut Railway & Lighting could expect from its streetcar lines is an annual $118,000, instead of the old figure of more than $1,000,000. That leaves the company $155,000 short of meeting even the annual sinking fund and interest requirements on its $8,989,000 funded debt...
Connecticut Railway & Lighting revealed in a letter to the SEC that if $1,500,000 of new capital could be obtained to convert trolley properties into bus lines, the company might be able to pay the charges on its funded debt. Even then there was no reasonable expectation that anything could be paid on the preferred stock, let alone the common. Wrote President William Warden Bodine...
...theatrical figures, when she married Baron Guido von Nimptsch, sad-faced, 44-year-old German aristocrat who had lost his personal fortune and was engaged in the champagne business in Manhattan. With him she returned to Germany, was presented to the Kaiser, learned that her husband was heavily in debt, was soon neglected by him. At a ball for the young Hohenzollern princes she met Count Nostitz, military attache of the Russian Embassy, divorced the Baron to marry the Count...
Ultimately Atlas acquired not only Pusco but a face value total of $20,000,000 worth of Utilities Power & Light debentures-40% of the holding company's funded debt. In making these huge purchases the market price of the debentures nearly doubled. But the fact remained that the holding company could not continue to pay interest out of capital indefinitely. To avoid a 77B reorganization something had to be done...