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...proportion of the domestic consumption of his product. The Government would decree minimum Chicago prices at Mr. Reno's much mooted "cost- of-production level," not at AAA's 1909-14 parity levels. In addition, the President was asked: to declare a moratorium on mortgage foreclosures, to refund the 4th Liberty Loan in new currency, to remonetize silver...

Author: /time Magazine | Title: AGRICULTURE: 100 Percent Failure | 11/13/1933 | See Source »

...return the bankers agreed to refund $131,000,000 of outstanding revenue bills at lower interest rates and to finance the city's current cash requirements. Mayor O'Brien agreed to drop his proposed taxes on savings banks and insurance companies if they would buy $70,000,000 of relief bonds. For the time being at least the first city of the land was saved from the stigma of default but John Patrick O'Brien had had to hock its income...

Author: /time Magazine | Title: Business & Finance: Hegira Halted | 10/9/1933 | See Source »

...Directors feared to impair it further by paying $800,000 in interest due Aug. 1. The able president (now receiver) Arthur Roeder (procured in 1929 from American Linseed Co.) will have a tough job to bring the company around the corner in time to refund $27,000,000 of bonds falling due a year hence. Saints have their crosses, the Rockefellers have Colorado Fuel & Iron...

Author: /time Magazine | Title: Business & Finance: Rockefeller's Cross | 8/14/1933 | See Source »

...Failure to stagger the maturities of bond issues. To this fault of simple financial naïvete are partly traceable the troubles of Detroit which has called on her creditors to refund $290,000,000 of her borrowings. Detroit, with depleted revenues due to Depression and banking crises, is faced with $138,000,000 of bonds due within the next ten years...

Author: /time Magazine | Title: Business & Finance: City Banking | 7/31/1933 | See Source »

Many a citizen of Illinois rummaged through pockets, purses and pigeon holes last week in search of receipts for all their retail purchases since April 1. The Illinois Supreme Court had declared the State's 3% sales tax unconstitutional and retailers were to refund to their customers nearly $5,000,000 on documentary proof of tax-paid purchases...

Author: /time Magazine | Title: TAXATION: False Start | 5/22/1933 | See Source »

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