Word: refundability
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...over to its private manufacturer to make, say, 50 copies to sell at $69.50. The store is at liberty to advertise its 50 dresses as copies of Chanel or Schiaparelli or whatnot. Then the original dress is shipped back to Paris and the department store gets a refund on its customs. In Paris the soiled model is peddled to some small back-street dress shop which sells it sometimes for as little...
When the U. S. Supreme Court ordered Illinois Bell Telephone Co. to refund $20,700,000 to its coin-box subscribers last April, the historic Chicago rate case was by no means closed. Gathering dust in the company's files were no less than 45,000,000 collection records-115 tons of them-which had to be recalculated. Some 1,900 clerks will labor at this mighty bookkeeping for three years. More than 1,000,000 checks have to be made out, signed and mailed. And not until last week did Federal judges in Chicago...
...company, wrote the Chief Justice, "repels the suggestion that during all these years it was suffering from confiscatory rates. . . . Elaborate calculations which are at war with realities are of no avail. . . . Proving too much, they fail of the intended effect." The Court ordered the injunction dissolved, the company to refund to telephone subscribers a total of nearly $20,000,000 approximately the company's entire surplus and more than twice the cash & securities in its treasury at year...
...should I not strive to rehabilitate this organization which has been my life work?" Thus did the septuagenarian founder of big Minnesota & Ontario Paper Co. lately write the unhappy holders of his defaulted bonds. But Founder Edward Wellington Backus was unhappier than his bondholders. Unable to refund a bond issue, the $100,000,000 paper company in which he owned 90% of the common stock passed into receivership in 1931. Founder-President Backus was later ousted as sole receiver by bankers who put in two of their own co-receivers. They promptly sued Founder Backus for $7,000,000. That...
...column bibliography of his books, pamphlets and anthologies, appeared last November. Whether or not he would continue writing for syndicate publication, Editor Howe, sunning his old bones in Miami, was not sure last week. To subscribers-some of whom paid $1 for life subscriptions-he planned to refund the amounts...