Word: money
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Dates: during 1920-1929
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...split-up was keen in Missouri, whose Congressman Leonidas Dyer recently purchased Hiram Walker stock without knowing the nature of the product and sold, precipitately, at a loss, when the horrid truth became evident to him. Congressman Dyer talked of suing the Manhattan Curb to get back his lost money. Had he not been so hasty in disposing of his "tainted" certificates, he might have had a profit on his transaction...
...Call Money Market. Mr. Simmons's next main contention put upon the Federal Reserve Board the responsibility for the low bond market and the high money rates which usually have been blamed upon the Stock Market. For, said he, the Reserve Board, through its "fear propaganda, warnings, and vague threats," has so filled the capitalists with anxiety, with terror, concerning investments in either stocks or bonds, that this capitalist has put his money not into stocks, not into bonds, but into the call money market- "the safest form of investment known in this country." Furthermore, the more the Reserve...
...enormous masses of capital today invested in stock market loans'' into "commercial business" would "produce a huge rise in commodity prices, inflation of inventories, and an artificial business boom . . . which could only end in a colossal smash." In other words, if business in general had the money now in brokers' loans, it would swell up and burst. There is more capital extant "than the country knows what to do with." The safe place for this capital is in the Stock Market, pictured as a kind of financial safety valve in which surplus funds may harmlessly be blown...
...entire sum, $870,000, was supplied by International Paper & Power Co. In exchange they gave their notes which were secured by the stock of the newspapers as collateral, although the actual certificates were not turned over. In no case did they tell the sellers who was putting up the money...
...vote of the Corporation allowing $166,000 of the H. A. A. surplus to be used for the erection of the second floor of the Athletic Building is evidence of a change of mind that should be heartily endorsed by those who have followed the recent developments. Time and money have been saved for both architect and builder and one mental hazard has been successfully passed...