Word: refundings
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Dates: during 1930-1939
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...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...
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...
...last week U. S. Steel Corp. made its annual stock subscription offer-200,000 shares at $27 a share, about the market price. It was the lowest offer ever made. Highest was $169 a share in 1930. Steel's workers are permitted to cancel their subscription with a refund of all paid up instalments plus 5% interest, thus protecting them against a slump in price. But to discourage this Steel has always in effect guaranteed dividends through payment of "special benefits" for a period of five years after the offer. "Special benefits" on this year's offer...
...Passed a second time the first deficiency appropriation bill, minus the tax refund review clause that produced a veto...
...would have to pay its obligations, already contracted, in the dollar of existing gold content but even that was regarded as doubtful. . . . If any such views are to obtain, may God have mercy upon the Secretary of the Treasury when he shall be compelled in a few months to refund $11,000,000,000 of government obligations...