Search Details

Word: nypan (lookup in dictionary) (lookup stats)
Dates: during 1930-1939
Sort By: most recent first (reverse)


Usage:

...Associated directly, but its good operating company, NY PA NJ Utilities Co. (Nypan), is trying to borrow money so that Associated can pay off an $8,589,-980 (8%) bond issue which is due March 15, 1940. Also overdue is $5,780,000 owed the U. S. Treasury by Associated as the balance of an $8,700,000 settlement of a $50,000,000 tax claim. Mange wants RFC to lend NY PA NJ enough to pay off the bonds, pay the taxes; he is also asking for another lump for construction, $26,500,000 in all. The catch...

Author: /time Magazine | Title: Personnel: Mr. Jones's Proteges | 12/25/1939 | See Source »

| 1 |