Word: mortgagees
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Dates: during 1920-1929
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On Aug. 6 the company defaulted a $50,000 interest item against a $1,425,000 mortgage. It had sold insufficient bonds.
Thus, when officials of such bond houses learned of the G. L. Miller & Co., predicament, their officials hastened to declare: "The first mortgage real estate bond business is too large, too important and too well established to be affected by one house. During the last half century the first mortgage...
"This should have no effect upon the major portion of the bondholders of the Miller firm. They have their bonds, the property is there and they should be perfectly secured."-Vice President C. C. Moore, American Bond & Mortgage Co.
The plan is: that banks, insurance companies, mortgage loan concerns form a pool of $100,000,000 which will be loaned to cooperative marketing organizations for the financing and marketing of farm products at increased prices. Herbert Hoover is said to have hatched the scheme, intends to call a conference...
Somewhat similarly, last week he joined with certain Dutch and Swedish banks, as well as U. S. investment houses, in selling $25,000,000 of United States of Brazil bonds. A month ago he sold $35,000,000 of like ones, has the whole $60,000,000 protected by a...