Word: prospectuses
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...Marti closed his prospectus with a solemn protest to the League of Nations that "the Government of a Country . . . has insidiously seized the ideas and propositions contained in my plan . . . misusing them for its own selfish purposes, the consequence of which will be that all economic life in the entire world will go to ruin. . . . For that country (or countries) which is realizing my plan only for its own sake and its own egoism will despotically usurp hegemony over the entire world, and drag all humanity into servility...
Manager Johnson's prospectus included no new U. S. opera. But the memory of Merry Mount and In the Pasha's Garden was still too painful to breed many regrets. In no instance did the list of 36 operas extend beyond the conventional repertoire, with Verdi, Wagner and Puccini predominating changes have been in the personnel. The orchestra has been reorganized, with the result that many of the less competent players are absent. In the chorus there are new youthful faces. The stodgy old ballet has been replaced by the new U. S. organization founded two years...
...Prospectus Soon...
...open to sue-or-settle shysters, bankers clung to the "tombstone" (matter-of-record) announcement. Meantime they asked SEC for better definitions. Last week for the first, time since the Securities Act became effective, an advertisement for a new issue appeared in the oldtime form of a one-page prospectus. The firm that plunged with an offering of $45,000,000 Illinois Bell Telephone bonds was Morgan Stanley & Co., underwriting offshoot of the House of Morgan. Meticulously the Morgan advertisement referred readers to the offering prospectus and the registration statement "which also include important information not outlined or indicated herein...
...facts & figures still required in registration statements is a hard-headed theory often ignored by New Deal critics. Says SEC, in effect: "We know that investors will never take the trouble to plough through a registration statement. We know that many of them will not even read an offering prospectus, though we now insist that they at least have one in their hand before buying. Probably they would not understand it if they did read it. This mass of information is assembled, not for the average investor, but for the people who help make up the investor's mind...