Word: joneses
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Dates: during 1930-1939
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*In good usage "Reverend" is not found with only a last name after it. Incorrect: Reverend Jones. Correct: the Reverend Dr. Jones; the Reverend J. A. Jones; the Reverend Mr. James Aloysius Jones.
He was first publicly noted in 1933. Then Chicago's biggest bank, the Continental Illinois, which had taken a bad licking in Willys Overland, and on Insull securities, was the first big time U. S. bank to step up and take advantage of Jesse Jones's offer to...
The terms of the sale were: 1) that Continental would cut the book value of its common stock from $75,000,000 to $25,000,000 (thus keeping the total capitalization unchanged); 2) that Continental would buy back its preferred from RFC at least $250,000 every six months; 3...
To Jesse Jones, who likes to get RFC's money back, this was presumably good news. On the other hand, Banker Jones also likes to keep a grip on key properties like Continental Illinois-it has a useful fiscal finger in many pies, especially railroads and bankruptcies, which have...
Last week from Government banksters in Washington came a cry that Continental Illinois is undercapitalized. Its common, which was increased by stock dividends as the preferred was retired in 1936-38, stands at $50,000,000 (its surplus is $20,000,000). This amounts not to the traditional 10% but...