Word: discount
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Dates: during 1930-1939
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...July 22 President Hoover signed a bill near & dear to his heart, creating a Federal Home Loan Bank system. Under this act building & loan associations, co-operative banks, savings banks and insurance companies were to subscribe to the stock of twelve new regional banks at which they could discount their first mortgages on homes worth $20.000 or less. The R. F. C. was authorized to invest, if necessary, up to $125,000,000 in the system. The Hoover idea was that the Government should help mortgage institutions which in turn would pass such assistance along to debt-ridden home owners...
...invest a small portion of its funds in such U. S. companies doing a large Canadian business as General Motors, Eastman Kodak, National Dairy Products. But on its strictly Canadian commitments, if & when Canadian exchange recovers to par, the trust will make a profit of about 14%, the current discount of the Canadian dollar...
Such reactions were only natural; far from being hidden, they peep forth from every line of the report. Seen in such a light, the restrictions appear not arbitrary but just. There are bound to be divergences of opinion, but most fair-minded men will discount the past delay and sense that here they have received an intelligent, workable concession...
...course, there are a number of factors which make it necessary to discount the results of this poll as an indicator for the national elections. Students at Harvard are on the whole of the conservative monied class; there may be some truth in the popular superstition that youth is naturally conservative, judging from the poll results. Massachusetts is, moreover, concededly Republican this year. With the exception of the Law School, CRIMSON polls did not forecast the national results accurately...
...pulled not one but four rabbits from his fecund hat. To his 250,000 security holders he offered $25,000,000 in first mortgage bonds of New Jersey Power & Light Co., A. G. & E. controlled. Each security-owner was expected to buy $100 worth of bonds at a 20% discount on the generous rate of $10 down and $10 monthly. Should subscriptions fail to pour in, Mr. Hopson can make a similar offer of mortgage bonds in Metropolitan Edison Co. (Pennsylvania), New York State Electric and Gas Corp., Pennsylvania Electric Co. Despite these fine plans, A. G. & E. last week...