Word: jam
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...What sort of a jam did you think he was in? ... You did not think it had anything to do with women or horses...
...what kind of a jam...
...Pure Oil stock, underwriters have been lying low. As a result new corporate financing for the first quarter of 1938 amounted to only $111,000,000, a three-year low. That this jam could be broken was indicated by the successful disposal of two big bond issues, Appalachian Electric's $67,000,000 in February and Consolidated Edison's $60,000,000 fortnight ago. Last week brought more evidence that the capital market is opening up: one new issue was sold, three more were announced...
...about it, from the firm assets, so he asked me whether it was all right to take it and he explained that he told me at that time- let me see-I want to get this right. As I understand it, he said, "Dick has got into an awful jam in November, and I went to Tom Lament when you were not here and he loaned me the money and so I want to pay him, and will you let me take it out? ..." I said "Certainly," and it was all done...
...Gesell then asked Banker Morgan whether he would have told the Exchange had he known that the "jam" involved misuse of securities belonging to the Stock Exchange. Mr. Morgan made three answers, pausing between each for reflection: "Well," he said at first, "I would not have carried the facts to the Exchange authorities if I understood the authorities knew them all and understood them." Then he added: "I should say not, anyhow." Finally he said flatly...