Word: mortgagee
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Dates: during 1940-1949
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Back from her final sea trials off Rockland, Me. last week, the 26,454-ton, 723-foot, 24-knot America was turned over to tall, horse-faced John Merryman Franklin, U. S. Lines president. As his pen lifted from the $7,328,140 mortgage, an estimated $750,000 worth of...
> High taxes based on high property assessments have been driving mortgage-holding institutions to accept sacrifice prices in order to clear their books of doubtful "assets" in foreclosed property. From January through May, unloaded Manhattan properties had plummeted from 80.6% to 73.3% of their assessed values. (Yet New York State...
Many more issues, which had been in the works for some time, were postponed indefinitely. One of the first and biggest of these was Indianapolis Power & Light, which had successfully floated new common stock in April (TIME, April 15), was ready to refund $32,000,000 of 3¾% bonds...
By that time, however, the British Government was beginning to take a hand in British industry with a view to its social and military uses. Sir William was asked to locate his mill at Ebbw Vale in South Wales, a derelict steel'district where new jobs were acutely needed...
He dreams he is a bellhop in the hotel. Weird guests arrive-a black man in white tie and tails with a gorilla, a headless man carrying his head, a magician who scares Schenectady by materializing a goldfish bowl on his head, a "Lonesome Ranger" astride a goat, an invisible...