Word: frozen
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Dates: during 1930-1939
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...under Henry Morgenthau Jr.'s Farm Credit Administration, were to issue $2,000,000,000 worth of 4% bonds, the Government guaranteeing the interest. The Land Banks were to swap these bonds for mortgages-a transaction involving little or no cash exchange. In the swapping, the principal of frozen mortgages was to be scaled down. This the mortgage holders-banks, insurance companies-would not mind in view of their improved security. Farmers would pay the Land Banks 4½% on their new mortgages and be free from foreclosure for at least two years. ¶ By another of his quick...
...morning last week a knot of sturdy Britons, surrounded by gawping Hindu hillmen, watched a snorting little Puss Moth skitter off the field at Purnea, near the Nepal border. The Moth climbed northward up the Kusi River Valley, then carefully wheeled as it approached Nepal. Ahead, across a prodigious frozen ocean of glaciers, crevasses and icy peaks, rose the highest and holiest mountain on earth. Only by trigonometry had man ever measured Mount Everest's vast height (29,140 ft.). Only in his tenacious imagination had he ever scaled...
...Government issue through the Federal Land Banks one or two billion dollars worth of long-term 2½% or 3% bonds. Let the Land Banks absorb the Joint Stock Land Banks for $500,000,000. Let holders of "frozen" farm mortgages turn them in to the Land Banks for good Federal bonds and the Land Banks issue new mortgages on farm property at an interest rate of not more than i% above that paid on the bonds. Or let the Land Banks lend farmers enough to pay up their back taxes and interest and make a new and better deal...
...clock and repeated at 9.30 o'clock by Dr. D. H. Menzel, noted authority on the atmosphere of the sun. Taking as his topic "The Puzzle of the Planets," he will expound, among other things, the secret of the canals on Mars and the possibility of life there, the frozen clouds of Jupiter, and the rings of Saturn. He will also discuss the discovery of Pluto, and the speculations it has incited as to the number of planets and the boundary of the sun's domain...
National banks that had pawned all they had were authorized to raise more assets by issuing 6% preferred stock. This stock was to be acceptable for R. F. C. loans. Depositors in semi-solvent banks might be paid their "frozen" deposits in such stock, which carried no assessment liability...