Word: deficits
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Dates: during 1930-1939
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...warfare between workers and strike pickets, has not suffered unduly from Depression. But once before, in 1927, the bank was forced to close temporarily when the cashier's accounts were short $192,000?more than 75% of the total deposits at the time. The stock-holders made up the deficit, sent the cashier to jail, reopened the bank in 37 days...
...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 a deficit of $1,077,000 the year before...
With the clerk of the House last week the Democratic party filed its financial statement, reporting a treasury deficit of $557-757 as of May 31. Still uncancelled was $80,250 lent the Brown Derby by John J. Raskob in 1928. Still unpaid were some bills incurred during the 1932 campaign which put Franklin D. Roosevelt into the White House: $47,650 to Columbia Broadcasting System; $170,571 to National Broadcasting Company; $13,565 to Western Union; $14,122 to Postal Telegraph; $18,067 to Manhattan's Biltmore Hotel for campaign headquarters...
...before copper touched an all-time low of 4.7?. The 1933 average was 7.15?. At that price Kennecott Copper, whose operating costs are one of the lowest of any big domestic unit, was able to show a $2,307,000 profit for the year against a $7,102,000 deficit for 1932. Fortnight ago it declared a 15? common dividend, its first since January 1932. Phelps-Dodge announced a 25? extra dividend in February and May. American Smelting & Refining Co. began paying arrears on its 7% preferred last December. This wavelet of prosperity was not specifically started by the copper...
...quickly spread to other public utility shares, helped precipitate the Crash. ¶Nine months after Manhattan's Hardman National Bank & Trust Co. closed last year, the Federal Government brought suit to compel the 19 members of the New York Clearing House Association to cover a $6,300,000 deficit in the bank's funds. The Government charged that the Clearing House members had promised Harriman Bank officers that they would not let the bank fail. Last week nine Clearing House members, including Chase National Bank, Corn Exchange Bank and Central Hanover Bank & Trust, agreed to settle the suit...