Word: mortgagee
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Dates: during 1930-1939
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In Cleveland last Wednesday a Federal jury convicted J. Arthur House, president of the Guardian Trust Company, of misapplication of the bank's funds, finding him guilty on twenty-six counts. Cleveland was once very proud of Mr. House, who rose from the position of teller to a place that...
The other case was a farmer with a $3,000 mortgage who had been able to pay interest on the dot but nothing on principal for three years. The bank examiner likewise threw it out. The President declared that he himself could sell the farm for $6,000, perhaps $8...
New Yorkers were suddenly reminded one day last week that they once (1911-17) had a U. S. Senator named James A. O'Gorman. The kindly, white-bearded old gentleman spent a quarter hour before a grand jury, trying to stall off an indictment of the executive committee of...
The indictment of Messrs. Baker, Harriman, O'Gorman et al. was the first wholesale action against any of the big Manhattan guaranteed mortgage companies since the Moreland Act investigation began (TIME, Feb. 5). While hundreds of old people who had lost their all in this type of investment took...
1) Every farmer unable to pay his mortgage or other obligations could be declared bankrupt, have his farm appraised and, with the consent of creditors, buy it back over six years at the new figure, with 1% interest.