Word: discount
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Dates: during 1930-1939
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...factor generally overlooked in this whole relief program is the source of new capital to be put up by the Government. Cash required from the Treasury: $500,000,000 for R. F. C.; $125,000,000 for Federal Land Banks; $150,000,000 for Home Loan Discount Banks; $150,000,000 for Depositors Relief Corp. Thus, to make the Hoover program work, a total of $925,000,000 must be appropriated by Congress from a Treasury already going $2,300,000,000 into the red this year...
...When the German Society, knowing they were down for $20,000 in the Astor will, tried to persuade the old man, now aged and retired from business, to give them the money before he died, he struck a bargain, gave them $20,000 in bonds that were at a discount of 25%. "With a face radiant with pleasure, leaning on his staff, he tottered into the back office, chuckling as he went, to tell William that he had made 'five thousand dollars that morning...
...inducement to time payment purchasers of second hand automobiles at 25% to 50% discount, Studebaker Sales Co. in Chicago, offered to give away from 10 to 100 shares of common stocks including Allegheny Corp., Grigsby-Grunow Co., Wabash Railway Co., Remington Rand Inc., Curtiss Wright, Armour "A", R. K. 0. Corp., Chicago, Milwaukee, St. Paid & Pacific Railroad...
Under a dozen heads the President reiterated these points in his program: 1) voluntary local contributions for Unemployment Relief; 2) part-time work in industry; 3) more money for the Federal Land Banks; 4) a Home Loan Discount Bank System; 5) relief for depositors in closed banks; 6) a broader discount base for the Federal Reserve system; 7) a Reconstruction Finance Corp.; 8) a railroad credit pool; 9) revision of banking laws; 10) the National Credit Corporation for frozen banks; 11) economy and tax-upping to balance the Budget; 12) "the American system of individual initiative and community responsibility...
John Zittenfeld, father of the Zitten-feld Twins, 17, who tried to swim the English Channel two years ago, was sentenced to Sing Sing prison for 15 months for obtaining money on forged discount bills. He said that most of the money, more than $58,000, had been used in educating his daughters, financing their swims...