Word: mortgagee
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Dates: during 1930-1939
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Anxious adherents of the so-called "Social Credit" theory, which William Aberhart was elected to apply (TIME, Sept. 2), hotly protested: "Velocity dollars have nothing whatever in common with Social Credit, and Premier Aberhart has enacted not one single genuine Social Credit statute in Alberta." The great thing "Bible Bill...
A corporate trustee is usually the trust department of a bank. It is the trustee who holds the mortgage securing the bonds, who forecloses if the borrower de faults. As pointed out in the SEC report, "The trustee is the only agency avowedly designed for the protection of security holders...
Died. Julia Field, 80, relict of Poet Eugene Field; of heart attack; in her Heafford Junction, Wis. home which two weeks ago was threatened by mortgage foreclosure, saved when Field's college fraternity raised $3,000 (TIME, June 1).
"Figure it out for yourself," sighed Banker Roosevelt. "That's the whole basis of this relief business. You take the money away from New York and give it to some backwoods state." RFChairman Jones thereupon challenged anyone to think up a better reorganization scheme. Banker Roosevelt promptly took him...
"We do not question the motives of Mr. Prince or those who may be associated with him in lending the $1,000,000 to the operating company," said he, "but 99 years is a long time, and our memories need not run very far back to illustrate my point." Mr...