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...Eastern subsidiary of Middle West Utilities Co., onetime Samuel Insull property. A similar action was taken with National Public Service Corp., a subsidiary. On its last balance sheet National Electric showed $600,000,000 in assets. Direct cause of the receivership was failure of Manhattan banks to renew $30,000,000 in loans after reviewing a study of the company prepared over the past six weeks by Stone & Webster...

Author: /time Magazine | Title: Business: Deals & Developments | 7/11/1932 | See Source »

...renew our pledge to the principles and traditions of our party and dedicate it anew to the service of the nation...

Author: /time Magazine | Title: National Affairs: 9,000 Words | 6/27/1932 | See Source »

...about $280,000,000. Although bankers knew that the Federal Reserve could lose some $1,200,000.000 in gold before reaching the legal minimum they became afraid that the continued alarm might increase the flow, start a real "flight from the dollar." Likewise they were afraid that it would renew hoarding...

Author: /time Magazine | Title: BANKS: While Congress Haggled | 6/6/1932 | See Source »

...statement which London editors unanimously called "ill timed," Mr. Thomas threatened that if the oath is abolished Great Britain will retaliate by refusing to renew the tariff preferences she now grants to the Free State. Obviously the timing of this threat was such as to enrage the Irish Senate just before it voted. It increased the chances that the bill would pass. Quietly jubilant in Dublin, teacherish President de Valera dryly said...

Author: /time Magazine | Title: IRISH FREE STATE: Poor Man's Budget | 5/23/1932 | See Source »

...days after the penthouse interview a $4.000,000 unsecured loan made to International Match by several big banks fell due. Ivar Kreuger admitted he could not pay it. National City Bank, despite its recent experience in the Ericsson deal, offered to renew. S. Sloan Colt, president of Bankers Trust Co., renewed the loan after a cursory glance at a forecast of International Match's income. On the forecast were two items which should already have been collected by International Match. Neither had been received but that was not commented upon. No willing renewer, however, was Pittsburgh's Union Trust...

Author: /time Magazine | Title: Business & Finance: Bankers at Work | 5/23/1932 | See Source »

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