Word: funds
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Dates: during 1930-1939
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...expressly aimed at four of the oldest and richest ornaments of the city's business life: Penn Mutual Life Insurance Co. (Assets: $636,875,000), Provident Mutual Life Insurance Co. of Philadelphia ($315,543,000), Fidelity Mutual Life Insurance Co. ($112,438,000) and the Presbyterian Ministers' Fund for Life Insurance ($26,000,000). Most of these companies' investments and other assets are held at their headquarters in Philadelphia. Protesting that they were mortally threatened, the life insurance companies talked of moving to suburban Ardmore or Bryn Mawr, launched against the tax a high-pressure campaign seldom...
Presbyterian Ministers' Fund, a company which had once before been threatened with diversion of its policyholders' money and had at that time actually moved out of Philadelphia. The occasion was the British occupation of Philadelphia by General William Howe in the Revolution. Chartered in 1759 by Thomas Penn and Richard Penn, Proprietaries and Governors-in-Chief of the Province of Pennsylvania and counties of New Castle, Kent and Sussex upon Delaware, as "The Corporation for Relief of Poor and Distressed Presbyterian Ministers and of the Poor and Distressed Widows and Children...
Presbyterian Ministers," the Fund is now the oldest life insurance company in the world...
...this area of blighted credit is Haiti, which was, in effect, thrown into receivership by the U. S. Marines in the days of Woodrow Wilson. The neighboring Dominican Republic which also received ministrations from the U. S. Marines, has kept up on interests but is behind on sinking fund payments. In national credit standing Argentina outranks all Latin America but several Argentine city and provincial issues have defaulted. Like Canada, where the sins of Alberta are not visited on the federal credit, Argentina can now afford to draw the line between local and national credit. The Argentine Republic has been...
Advisers of the Childs Fund are to be: Yale's Medicine Dean Stanhope Bayne-Jones, a bacteriologist and Rockefeller Foundation protege; his predecessor as dean, Pathologist Milton Charles Winternitz, who at the American Medical convention announced new discoveries about the hardening of arteries; Rudolph John Anderson, biochemist; Dr. Ross Granville Harrison, biologist who began the artificial cultivation of living tissues, for which the Rockefeller Institute's Alexis Carrel is more famed; Rockefeller Institute's Francis Peyton Rous. whose discovery of a type of cancer (Rous's sarcoma) which can be transplanted from one chicken to another...