Word: mortgagee
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Dates: during 1930-1939
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First to be called into Mr. Gravell's office last week was a truck driver. Ill at ease when questioned about his finances, he finally admitted payments on a $6,500 mortgage were hard to meet. "Well, John," Mr. Gravell said, "don't worry about it. Here'...
Exit. The reason for Professor Tugwell's abrupt departure from the New Deal, although his leave of absence from Columbia University does not expire until next June, was not officially explained. Personal reasons might have caused it: his wife recently left Washington and returned to Manhattan. But his official...
¶"Second" first mortgage bonds were issued on the Sylvania when the "first" first mortgage bonds were already in default. Sales Manager Eli Kindig said he sold them "with mental reservations."
The Philadelphia indictment, while not entirely unexpected, had come with unusual speed in the wake of a flying squad of Congressional investigators. The case concerned the State's oldest (incorporated in 1807) and largest (assets of $132,000,000) guaranteed mortgage company, The Philadelphia Co. for Guaranteeing Mortgages, which...
Cynical Philadelphians foresaw a fight to have the indictments quashed, scant possibility of convictions, much less of prison sentences, if & when the cases come to trial. Much talk about political spite work behind the indictments rose from the Union League and Rittenhouse clubs. And the Republican Ledger sprang to the...