Word: deposition
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Dates: during 1920-1929
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...securities. It also obtains credit for such customers, thus enabling them to buy "on margin." If, for example, an investor buys through a brokerage house 100 shares of U. S. Steel stock at $100 per share, he can either pay the purchase price of $10,000, or he can deposit with the broker $2,000, say, as "margin" and let the broker obtain the remaining $8,000 for him. This the broker does by paying the seller the $10,000 due, and then borrowing the $8,000 from a bank upon the collateral of the stock certificate. Thus most...
...John Mez, correspondent of the Frankfurter Zeitung at the Washington Conference on Armament and a member of the faculty at the University of Heidelberg, when interviewed recently on the economic condition of Germany by a CRIMSON reporter. "The paper mark is held at its present value only by the deposit of one billion gold marks in the Reichsbank. If Germany should have to pay that out, the paper mark would indeed become worthless, like a Russian ruble. If this gold backing is kept in the bank, the mark will not depreciate much more, but it may never come...
...prohibition ruling. It is suggested that foreign ships may call at Halifax instead of New York, or drop their liquors there and proceed to New York. It is also suggested that foreign vessels may station rum ships just outside the three-mile limit, leaving their liquors "on deposit " while they touch port. All these plans are more or less discounted as impracticable...
Encouraged by its success in operating labor banks, organized labor contemplates invasion of the shipping business. The Marine Engineers' Beneficial Association offered to buy, for $300,000 cash, three 12,000 ton government vessels from the Shipping Board, guaranteeing to operate them immediately and to deposit an initial payment of $90,000 in escrow in a responsible bank. The offer was rejected by Chairman Lasker of the Shipping Board on the ground that the bid was below the minimum selling price of $30 per deadweight ton fixed by the Board's policy. Mr. Lasker said he would consider...
...Ford Motor Company inaugurated some weeks ago a partial payment plan for the small car buyer, whereby, with the initial deposit of $5, funds could be saved to purchase a Ford...