Word: parred
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Dates: during 1930-1939
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...three trustees, Mr. Insull, his son Samuel Insull Jr. and Harold Leonard Stuart of Halsey, Stuart & Co. The two companies have bank loans of around 80 millions scarcely covered by the present market value of their holdings. Notes of Insull Utility Investments sold at around 2 5/8% of par last week, indicating the general feeling that nothing will be done for these two companies...
...President's son to make a loan, the restoration of the Barco oil concession to the Mellon interests by Colombia while the State Department sped up a National City Bank loan (TIME, Jan. 25). He showed statistically how U. S. private loans to 16 European nations with a par value of $1,667,562,000 had depreciated 43% to $925,559,000, how $1,600,000,000 invested in South American securities had shrunk to a cash value of $422,000,000, with $815,468,300 in actual default...
...police thought, had taken a bribe of 100,000 yen ($50,000 at par) to keep quiet about an evasion of taxes by Meiji Sugar Co. amounting to 10,000,000 ($5,000,000). This evasion was accomplished by bribes, after which the blackmailing began. In all Meiji Sugar Co. was said to have been "squeezed...
...financial problems of his big holding and investment companies, Middle West Utilities, Corporation Securities Co. of Chicago and Insull Utility Investments, Inc. The first company has maturities every year until 1935. The 1932 maturity will be $10,000,000 in June. Last week's price of 30% of par indicated the concern felt over the ability of the company to pay when due. The sale of many Insull properties has been widely rumored. The most acceptable story was that United Gas Improvement Co. would acquire the New England companies; Public Service Corp. of New Jersey, those adjacent...
Intellectually and culturally we are not on a par with older nations, and we could not possibly be. Out universities ought therefore to be bending their energies toward drawing in to intellectual and cultural activities the most promising young brains of the nation. We are a business nation, a nation bent upon getting along, upon making money, and to the extent that universities answer this tendency and help it, they are, in my judgment, harmful, not helpful influence in the creation of an American culture and an American civilization...