Word: moneys
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Dates: during 1920-1929
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...land, from the Federal Reserve Banks down to the tiniest of local banks have lately been moving hundreds of thousands of what looked like shoeboxes, neatly wrapped. But no shoes were ever so well guarded with firearms, were ever so eagerly received by bank tellers. All the boxes contained money-crisp new paper currency which the U. S. had, over a two-year period, manufactured to substitute for the bills now in circulation. For the first time in 66 years the U. S. was changing the size of its currency, simultaneously simplifying and standardizing the design. The new money became...
...paper money has been issued in eight different sizes. Before the Civil War these issues were only temporary, to bridge the Government over an emergency. The first non-interest-bearing notes for popular circulation came in 1861. Special issues occurred during the Civil War and in 1879 when specie payments were resumed. The sizes...
Then he hired Stone & Webster to look over the properties acquired and report on their position and prospects. When Stone & Webster had completed their survey, Mr. Morgan offered them the Cumberland Light & Power Co. for the bargain price of $60,000. Borrowing the money, the partners bought the company, sold it some years later for $500,000. It was the profit on this operation that established Stone & Webster as a company of national scope...
...Ford purchased it in 1920 for $5,000,000, railroad men generally decided that the Ford transportation genius was confined to rubber-tired vehicles only. For the D. T. & I. staggered its 343 miles from Detroit and Toledo to Ironton, Ohio, in hopeless and continued depression. It made no money and showed no signs of ever making money. Owner Ford made it pay. He electrified 263 miles of it. He raised salaries that were accustomed to being reduced. He speeded up the freight service (passenger traffic has never been an important D. T. Item). He shared stock with employes...
...Espinosa went first professional money, $1,000; to Amateur Jones, a gold medal. Between the next 19 professionals was divided...