Word: invested
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Dates: during 1930-1939
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...Insullated Chicago Civic Opera Company this week (see p. 18), Rosa Raisa and her husband, Giacomo Rimini, required cash advances for traveling expenses. Just before the opening Soprano Raisa told" the story of how she and her husband lost their entire fortune through Samuel In-sull's investment advice. The utility tycoon had sent a representative in 1926 to urge her to invest in Insull stocks. "I felt very honored that Mr. Insull should send his confidential man to me," she related. "Every one looked upon Mr. Insull as the god of American business...
...went to Insull with a check for $100,000. Said he smiling in surprise: "Oh, you are a rich woman. I didn't know that. You will be a very, very rich woman." Each year thereafter she and her husband gave Insull at least $50,000 to invest for them. Each year he would tell them how much paper profit he had made them. One year he said their profit was $500,000 - 100% on their investment. Rosa Raisa wanted to cash in then & there but Insull would not hear of it. The stock was not delivered to them...
...Whitney walked in. Addressing my wife and the girls, he said: 'That is a foolish way to try to make money. I can make some real money for you.' And I think he said he had a very good tip on Vanadium Steel. The girls said: 'Invest? What with?' He said: 'You leave it to me. I'll handle it.' Then he opened this account." Mrs. Webb carried a 1925 profit of $70,000 on the account over until 1926 when income tax rates were lower. The court rejected her appeal, ordered...
...definite, concise manner in which the provisions of the National Recovery Act were outlined in TIME we knew at once not only that the Government would have funds to invest in worthy projects, but how to apply for these funds, by the middle of the summer. With this information at hand the City Federation of Women's Clubs of San Antonio set about putting into motion all of the efforts necessary to procuring funds for the erection of a fireproof dormitory which is to provide lodging for 180 girls at the rates of $1 to $1.50 per week...
With the uncertainty prevailing all over the world, the best place for the American dollar is at home. And there are plenty of ways to invest it, all the way from real estate in attractive locations of American cities to the buying of articles or commodities which must be used in what are known as consumable goods, as well as in the shares of companies that will be doing a profitable business long after the inflation panic in over