Word: must
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Dates: during 1920-1929
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Rediscount Collateral. The fourth and final main argument of Mr. Simmons was the somewhat startling suggestion that the Federal Reserve System (the twelve parent banks) be allowed to rediscount stock market loans. Stock market securities are not accepted as collateral at the twelve Reserve Banks, which must make their loans on government or open market paper. But, maintained Mr. Simmons, the supply of restricted securities on which the Federal Reserve System can make loans is rapidly dwindling. The government is paying off its national debt at the rate of a billion dollars a year, and "in 15 years there...
...unpaid. Mr. Simmons must keep a substitute on the Exchange floor to represent his firm. Longest previous presidency was that of Henry G. S. Noble...
...Improvement, Public Service Corp. of New Jersey, and Mohawk Hudson Power Corp. The company was designed to "foster closer relations between the great public utility systems of the east"-i. e., to promote utility mergers and consolidations. What would Brown Derby think? How could the Nation approve? It must be conceded, however, that Investor Broun has doubtless profited tidily on his 25 shares of United Corp., which, starting on the Produce Exchange, moved last week to the Big Board where it opened Thursday at 67 and closed Saturday...
...tank. In the cockpit was no Icarus. Instead was an Apollo wearing no triple woolen under wear ? merely ordinary clothing cased ty a furlined flying suit, sheepskin boots, fur helmet, fur mittens, a mask with an oxy gen tube (his nostrils were plugged so that he must breathe through his mouth) and a pair of goggles with tiny holes in them so that he might see when they be came frosted. He was Lieut. Apollo Soucek...
...necessitate a large amount of steel, to bear the strain that will now be undertaken by the permanent trusses. The cost of a temporary roof over the first floor was estimated by the architects at $46,000, a figure which was unusually large because of the expensive material that must be included in even such a temporary structure...