Word: interests
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Dates: during 1930-1939
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Long an outspoken opponent of the nonunion policy of the Colorado coal field, she got ready to fight it. Within a few months she bought the interest of Denver Capitalist Horace Bennett and gained control of $10,000,000 R. M. F. Then to Josephine Roche's office was summoned Rocky Mountain Fuel's general counsel, the late progressive U. S. Senator Edward Prentiss Costigan. To Senator Costigan went leaders of Colorado's struggling mine unions. Late in the summer of 1928 they signed a famed document: the first mine union contract in Colorado's history...
...years Josephine Roche and other officers lent money to the company to pay interest on its $3,971,000 bonded debt. Some five years ago Miss Roche stepped out of the presidency to become Assistant Secretary of the U. S. Treasury, turned over the job of running the company to able J. Paul Peabody. Last year, after his death, she returned to the job, later asked bondholders to take interest cuts in their R. M. F. 5s. They refused...
Unable to find enough sound private borrowers, unable to get more than a tiny return on Government securities, U. S. banks have in the last decade faced dwindling incomes. Service charges have been inaugurated or increased, bank interest rates have been cut or abolished. Few weeks ago New Jersey's banking department ordered banks to cut interest to a maximum of 1% on savings and time deposits, and local bankers were somewhat apprehensive of mass withdrawals. Quite different was the situation in Booneville, Iowa...
...bank promised full payment, to its stockholders, the $10,000 capital they put up 33 years ago to found the bank, plus $21,000 surplus and undivided profits, $11,000 in real estate. Yawning, the local farmers let their money be, figuring that they would take their 2½% interest as long as possible...
Last week grey-haired C. C. Cook, first and only cashier of the Booneville bank, got sore. He announced that the bank would pay no interest after June 30. If they still refused to come for their money, he threatened to mail it to them by check...