Word: hocked
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Dates: during 1940-1949
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Most Detroiters could hardly believe it. The company lost $12,000,000 and most of its customers in the depression; it was $1,000,000 in hock to RFC; it was on the auction block only two and a half years ago. Yet last week this same outfit was sprucing itself to receive the Army-Navy Production Award, highest U.S. recognition for excellence in war-goods production. Its name: Continental Motors, manufacturer of engines for tanks, airplanes, trucks, industrial equipment. Its boss and spark plug: husky, harddriving, cigar-chomping Clarence ("Jack") Reese...
...Night at Earl Carroll's had done that much damage to his reputation as a producer. // Franchot Tone told the district attorney he gave a jeweler $14,100 to buy a diamond-and-sapphire clip, sell it, and split the profits; but the jeweler put the clip in hock and never gave back the money. // Nelson Eddy and stepson settled an $8,723 damage suit against them for a traffic accident. // A cinemagoer who said he tripped over Chico Marx's sprawled legs in a theater sued Chico and the management...
...Lend money (with the President's approval) to any foreign Government, so long as the loan was secured-a device to enable the British to hock their U.S. holdings instead of selling those that now can be disposed of only at a sacrifice...
...income of his 25 newspapers (now 17) and other properties, the profits of the mines he had inherited from his prospector father, were no longer big enough to pay the interest on their debts and his. By 1939 he was in hock to the banks, and employed as editorial director of his own newspapers at a yearly salary of $100,000. For Mr. Hearst, that was chicken feed...
...West Side. Absent were some $299,000,000 of various departmental requests; hence the wrangling. For his restraint, Tugwell earned a back-pat from the City Comptroller, short, roly-poly Joseph McGoldrick, Tugwell's ex-colleague on the Columbia faculty. Having taken New York City out of hock to the bankers, and given its bonds a gilt-edged status, McGoldrick wants to keep his credit rating. But Tugwell was thinking about something else...