Word: impounding
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Dates: during 1940-1949
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...more than an hour, Witkowski clung; to it, while people shouted, swirled and cussed around him. Some wanted to open the box right there: they suspected it had a secret inner panel. Finally Assistant Prosecutor Abraham Sepenuk showed up and agreed to impound it for grand-jury examination...
...parity law (TIME, Apr. 15, 1946) provides that if wheat falls to $1.89, the Government will start support-buying. If a farmer needs cash, the Government will lend him about $1.80 a bushel and impound his wheat in a federal granary. If the price rises, he can redeem the wheat and sell it at the increased price. Last week, a total of 20.5 million bushels, more than twice as much as last year, was impounded by such loss-proof gambling...
...Nazis, now had to bend their neutrality to a squeeze from the opposite side: they agreed 1) to cut off all except token shipments of important civilian goods between Germany and northern Italy; 2) to switch all the electric current they export from Germany to France; 3) to impound all German-owned bank balances and help the Allies track down all German-owned securities, etc. which have gone into hiding in Switzerland. This last, particularly, was important to Sweden, Spain, Portugal and Argentina, who also read the war news...
...Corporation will impound all war-material surpluses-machinery, tools, raw materials, even military and naval camps, barracks and flying fields-in one tremendous reservoir. Sales will be controlled. The trick will be to release material slowly enough to avoid a market glut and unemployment, fast enough to prevent equipment's becoming obsolete...
This particular phase of Wall Street's long fray with SEC started in February 1940, when Morgan Stanley agreed to let SEC "impound" the fees due them on a Dayton Power Co. bond issue, until SEC made sure the bankers were no "affiliate" of the utility. At the time, this seemed like a mere formality to Morgan Stanley; they certainly were not affiliated with Dayton Power, the money was just as good as theirs. But it wasn't. Last April (TIME, April 14) SEC (in what Morgan Stanley termed a "fantasy") declared Morgan Stanley was a Dayton Power...