Word: hocked
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Dates: during 1940-1949
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...boss of the Cincinnati Reds a decade ago, Larry the Red painted the park orange, introduced usherettes and night baseball. Attendance figures doubled. He founded a farm system that brought Cincinnati two pennants, one world championship. Then MacPhail took over the seventh-place Brooklyn Dodgers, who were in hock to the Brooklyn Trust Co. for a half-million dollars. He talked the banking gentlemen out of another $300,000, peeled off dizzy amounts for new players, promoted crowd-drawing grudge fights with every club in the National League. When he quit Flatbush for the Army three years ago (the colonel...
...During 1943 there were only 17 secondary offerings of bank stocks involving $16 million. Some banks are now gingerly plumbing capital funds-raising possibilities. But many banks are still in hock to the Reconstruction Finance Corp. on whose books remain $358 million for investments in preferred bank stocks, capital notes, and debentures...
...only paying for the time you worked. . . . Now I was an extra man for about 21 months, and in 21 months that I went through this deal I figured that maybe now that I'm a steady man the conditions will be better. Well, I found myself in hock, and when I started being a regular man, I was $600 in debt. Up until today I'm still in debt that same $600. It seems I can never peel off any amount of that debt. It seems when I get to a certain extent that something happens which...
...your salary will be garnisheed.' Well I had to get $14 by hook or crook to pay off that debt. Now I want to give you some of the Mayor's own figures, that out of 168,000 city employes in New York, 90,000 are in hock up to their ears...
...each of which amounts to less than twice current working capital. Result: G.M. and Westinghouse got their money for 2½% and no security except their good names-and the Government's guarantee (50-90%). But Consolidated's rate is 3%, and its current assets are in hock to the banks...