Word: mortgagees
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Dates: during 1930-1939
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Devised by the Wall Street house of John J. Bergen & Co., Ltd., the new issue is composed of $4,000,000 in 5% debenture shares to be sold at $25 each. Convertible into stock at fixed intervals, the debentures carry no lien but Sunray Oil covenants not to create any...
A onetime Rhodes scholar whose first big job was assistant to famed Criminal Lawyer Clarence Darrow in 1910, Charles D. Mahaffie was appointed to the Interstate Commerce Commission eight years ago. Since then he has been ICC's chief dissenter - notably on railroad reorganizations which, he said in 1936...
Like most other expanding U. S. cities, Fort Wayne, Ind. (Pop.: 115,000) suffers from growing pains.* An up-&-coming industrial community (automotive, agricultural, electrical equipment), its increasing land values have kept some of its poor underhoused, encouraged some of its rich to hold available outlying land for development. Mightily...
Modern surgery gave one Alexander Peter, Hungarian peasant, a bright idea when he wanted to mortgage his 320 acres. Legally that was impossible because the land was entailed for the successive benefit of any children Peasant Peter might beget before 1952. But Farmer Peter wanted to hypothecate some of the...
Housing. Congress extended in time and broadened in scope Federal mortgage insurance; upped USHA's loan funds to $800,000,000.