Word: payments
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Dates: during 1930-1939
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Wendell Willkie surrendered with the honors of war. He marched off with $78,425,095 in payment for Commonwealth & Southern's subsidiary, Tennessee Electric Power Co.-a pretty good price considering that T.E.P. was threatened with slow strangulation by the competition of Government-subsidized Tennessee Valley Authority power. Out of the sale price holders of T.E.P. bonds and preferred stock were paid off at par, about $8,000,000 was left for C. & S., owner of all but a few shares of the common...
...Prophet Smith always insisted that Mormon troubles were payment for their sins. He rarely approved armed resistance, since God would or would not protect them...
...already paid into the sinking fund for the bonds. Meanwhile, the Fair prepared to go to the banks for an additional $750,000 loan. By week's end not quite half (51% necessary) of the bondholders, who have received, besides interest, only one 5% payment on principal, had agreed to the plan...
...goods-whether food or cannon-which are exported to belligerents. Experience of the last great war shows that they might as well be burned or dumped at sea, for little if any real wealth is ever received in payment for them. They are paid for only with promises to pay or with gold, which is virtually as useless, so that war-born prosperity remains an illusion. Even after the war, if debtors try to pay by shipping goods, creditors commonly lock them out by tariffs...
Contesting a Bureau of Internal Revenue claim that he owes $87,893 in additional income taxes and penalties for the years 1933-35, bland, artificial-footed British Cinemactor Herbert Marshall took to the Board of Tax Appeals a number of disputed items. Among them: "Payment of $227.05 to prevent the publication of an unfavorable story...