Word: floats
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Sandwiched between the Chesapeake & Ohio railroad properties and Alleghany Corp., which normally controls them, is a useless intermediary holding company, Chesapeake Corp. (originally the top holding company until the Van Sweringens added Alleghany in order to float more securities). Last week, at last, came the first move to take the cheese out of this stale Van Sweringen sandwich. Chesapeake Corp.'s directors authorized using $2,000,000 of its $7,349,134 earned surplus to cover such claims or liabilities as may arise when the company is dissolved. Concurrently they declared what may be the last regular Chesapeake Corp...
...industry has spent some $600,000,000. Critics say potential needs totaled $3,000,000,000. The utilities' argument is that the New Deal's TVA, its Public Utility Holding Company Act, its generally belligerent attitude, have made it next to impossible for utilities to float new security issues. Last week there was evidence to the contrary: investors snapped up $53,000,000 worth of utility bonds, making the month's total more than $160,000,000. But since most of these were refunding operations, the public's attitude on new capital investments was largely untested...
...water supply, concentrated rations, a can opener. To inflate the rafts there were cylinders of carbon dioxide covered with woolen jackets, and a supply of canvas gloves with which to handle them, since compressed carbon dioxide freezes its container when expanding. Linked with a long towline, the rafts would float together until help could come. To call for help there was a waterproof, 10-inch square, 15-watt radio transmitter run by dry cells. If these gave out, a waterproof hand generator could be used. The antenna would go aloft tied to a hydrogen-inflated balloon. For the guidance...
...brought Carlos a pair of tight, shiny shoes as a present from Texas. Carlos, used to running barefoot, slipped on a narrow bridge and fell into the river. When the boy was missed, the women wailed, the men put a consecrated candle on a piece of wood, let it float to midstream. Where it stopped, Perez dived and brought up the body. They took it to the Garcias' little hut, dressed it in a shoddy blue sailor-suit, put a crown of gold paper on its head...
...Paraguay flatly rejected it. "The Bolivian flag cannot fly over a port on the river bearing the name Paraguay," groused Paraguay's 75-year-old Foreign Minister Dr. Cecilio Baez to the conference. He refused to budge even after the delegates reminded him that Brazilian and Argentine flags float over ports on the same river before & after it courses through Paraguay. Last week the arbitrating powers, fearful lest fighting flare up again, rushed military observers to posts in the disputed territory...