Word: investors
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Dates: during 1930-1939
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...crop country, can be estimated from the fact that U.S. citizens own through corporate investments nearly 70% of the islands' sugar production. Their sugar bonds, debentures and stocks, bought for some $600,000,000, are worth today less than $50,000,000, and at that the U.S. investor has been lucky. Small Cuban producers, unable to compete with the big corporate plantations, have been ruined on a nationwide scale, driven to suicide and beggary. As the able lawyer representing Cuba's sugar interests, tall, stalwart, snowy-crested Thomas Lincoln Chadbourne put through the International Agreement ("Chadbourne Plan"), running...
...back the right (but unknown) young men with substantial capital; Mellon's policy of lending to others for their ventures but never borrowing for Mellon ventures - building Mellon companies by plowing back profits decade after decade; Mellon's uncanny judgment as banker, as promoter, above all as investor...
Meanwhile he multiplied inheritances from two brothers and his father (onetime professor of Obstetrics at the University of Pennsylvania) through utility and mining interests, particularly by shrewd investments in Utah copper. Claim holders listened to his advice as to an oracle. His friends considered his record as an investor as spotless as his reputation as a scientist. Nevertheless they were surprised at the size and liquidity of his holdings when he died. He had some French gold, a sheaf of Bank of England notes, accounts in one British and nine U. S. banks. A bachelor, he divided most...
...Eaton had realized only one of his many ambitions. Out of a tiny utility property picked up cheap in the 1907 panic he had built one of the largest power & light systems in the U. S. He had wanted to form the Second Biggest Steel Company. As the largest investor in the largest rubber companies he had planned to bring peace to that warring industry. But. above all. this youngish man from Pugwash. Nova Scotia dreamed of a Midwest industrial empire, vast, powerful, autonomous. His holding company was appropriately Continental Shares, Inc. Without a trace of sarcasm Cleveland used...
...prospectuses of new issues would be so voluminous that no investor could possibly read them-so that, while securities would be created with greater care, the investor would actually know less than ever what he was buying. ("Summaries" will be very risky...