Word: mortgagees
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Dates: during 1930-1939
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There Mr. Roberts was unceremoniously booked on a charge of grand larceny brought by Miss Anna Kuhlmann, 55, and her sister Katherine, 52, both unemployed. They declared that in 1928 they had invested $10,000 through S. W. Straus & Co. in what were misrepresented as first mortgage bonds. Said Mr...
Four years ago the Riverside Drive house of Mrs. Paul Condit-Smith, sister of the late General Leonard Wood, was dismantled, loaded on barges, taken to Long Beach, L. I. There it was remodeled to become St. John's Lutheran Church-by-the-Sea. Last week it became the...
Manhattan bankers thereupon made a gesture toward solving the problem. Realty Stabilization Corp. was launched with $10,000,000 capital and $100,000,000 of R. F. C. credit. Maturing mortgages amounted to some $700.000,000. There was no conceivable method of making $1 do the work of $7, so...
Of New York State's 51 guaranteed mortgage companies, 31 were allowed to resume business. They had succeeded in persuading holders of 35% of their mortgages to waive the guaranty, were thoroughly solvent. But their guaranteed mortgages amounted to only $126,000,000. The other 20 companies, with $2...
New operating companies will be formed but the stock will be held by Superintendent Van Schaick for the benefit of creditors. The old companies will be gradually liquidated. All mortgage companies were forbidden to guarantee the principal of mortgages. Henceforth they can only guarantee interest.