Word: refundability
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...began many a ponderous investigation into the fundamental causes for such fiascos as the Pure Oil issuance. Since 1929, when new capital issues reached a staggering $8,639,000,000, investment banking has been but a shadow of its former self, refusing to revive along with business recovery. Only refunding has been on the rise. In 1929 refunding amounted to $1,387,000,000. Last year new financing was a paltry $1,190,000,000 and refunding was all of $3,300,000,000. Behind this change of emphasis are the exceptionally easy money rates which have prevailed all during...
Last day for withdrawal from College with refund of tuition fee for first quarter...
...first decision was on an appeal by Charles C. Steward Machine Co. which sued for a refund of $46.16 of unemployment taxes collected by the Government. The company maintained that unemployment payroll' taxes levied by the Federal Government (of which up to 90% is credited to the payer for contributions made to unemployment insurance funds set up by the States) was an unconstitutional means of coercing States into setting up unemployment insurance-for otherwise all the tax money is lost by the State to the Federal Government...
...principle on which Standard Oil achieved its power- buy out competitors at pistol point or destroy them if they refuse to sell. Monopoly of oil was his objective almost from the start. The pistol he used was the secret rebate, the notorious device by which a shipper got a refund on his railroad freight, enabling him to undersell competitors. Rockefeller carried this one step further by bludgeoning the railroads into giving him not only a rebate on his own shipments but also a cash kickback from the freight paid by competitors. Thus if the rate...
...same Hearst Consolidated properties, with one exception-the profitable New York Evening Journal-in a wholly-owned subsidiary called Hearst Publications, Inc., which now proposes to offer $22,500,000 worth of bonds to the public. Nearly all the proceeds will be used to pay off bank loans and refund old bond issues, many carrying William Randolph Hearst's personal guarantee...