Word: prospectuses
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...Prospectus for Dr. Sharp's School for Maturates contains no customary scholastic rules. But no student may be under 70. Classes will be held from 1130 p. m. to 4. There will be no entrance examinations, tuition, compulsory attendance, class or racial distinctions. Classrooms are on the ground-floor to obviate stair-climbing for the incapacitated. Upstairs are living quarters for those unable to go back & forth. Food costs will be shared. Dr. Sharp's widowed sister, Mrs. Jean Torson, will act as housemother. What courses will evolve remains largely a matter of what subjects interest the oldsters...
...since production started last October. C. For the benefit of bankers and investment houses generally, and of their law- yers in particular, scholarly Director Harold H. Neff of the SEC's Division of Forms & Regulations last week made public a complete lesson in brevity. Declaring that prospectuses for security issues were too long and gummed up with unnecessary legal verbiage, Mr. Neff cited a utility company's prospectus for an issue of first-mortgage bonds. Of most of its 2.100 words he observed that "the instructions [SEC's] not only permit but invite the omission of such...
...suddenly the New York State Bureau of Securities descended on him for permitting the sale of New York Woman stock within two weeks of the magazine's coma. Publisher Wheeler, who had asked permission to reorganize under Section 776 of the National Bankruptcy Act, indignantly maintained that his prospectus had told all, prepared to fight the State's charge in court...
...Hugh Gibson-Doubleday, Doran ($3.50). For the well-heeled tourist, from the Pan-American diplomat, a diplomatic prospectus on "the world's most beautiful harbor city." Illustrated...
...elevator girls put on the balloon skirts of the 1850s to celebrate the store's eightieth anniversary. Meanwhile, for the first time in its history, Meier & Frank proposed to let its employes and the public in on ownership of the business, filing with the Securities & Exchange Commission a prospectus for sale by the stockholders of 183,928 (one fifth) of their 919,640 common shares...