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...returned within eleven months from loan without any charge whatever. Under the agreements with the purchaser, 65,000 shares were sold and delivered to him, the payments being made cash on delivery and every dollar of proceeds going directly to the Company. . . . It was open to the Company to repay by purchase of stock on the market or out of its authorized and unissued stock. Upon proper consideration, the directors made the decision to return from authorized and unissued stock and that was done, after proper registration of the issue for such purpose with the Federal Securities Commission...

Author: /time Magazine | Title: Letters, Oct. 1, 1934 | 10/1/1934 | See Source »

From their $1,552,000 fee, Messrs. Haight, Alcock & Goldstein will have to repay their loan from the City of Chicago. High-bracket income taxes will take another $400,000 to $500,000. The division of the remainder was secret, but La Salle Street expected Lawyer Goldstein to receive at least a half for his four-year campaign...

Author: /time Magazine | Title: Business & Finance: Winners Take 7 1/2% | 8/13/1934 | See Source »

...Methodism sought the money through its women. Methodism got the money from you. Methodism, vised by its geographical Bishop, promised to repay the money owed you. Methodism, in the particular locality which initially owes you, whines its inability to pay its honest debts. Yet, this same sunny California brand of Methodism finds ways to yearly send $65,000 to poke their noses into the business of foreigners-of Chinamen alone, and, if you please, of Chinamen only in Foochow, In that...

Author: /time Magazine | Title: Religion: Defaulting Methodists | 7/30/1934 | See Source »

With a balance of $3,600,000 remaining due on the $9,000,000 J. P. Morgan & Co. loan to Cuba, Partner Thomas S. Lament was in Havana last week. He seemed to set off no fireworks by proposing to the Mendieta Government repayment at the rate of $900,000 each July 1. Fortnight ago all Cuba cheered a Government commission which cracked down on Chase National Bank by advising President Mendieta to repay nothing on Chase's share of $60,000,000 worth of bonds floated in the U. S.-advice as to which the President prudently made...

Author: /time Magazine | Title: CUBA: Munitions by Request | 7/9/1934 | See Source »

Thirty-one years ago the Iron Mountain Railroad (now part of the Missouri Pacific) floated a 30-year bond issue with the promise to repay the bonds when due in U. S. gold coin "of the present standard of weight and fineness." In May 1933 when the bonds were due, Manhattan's Bankers Trust Co. demanded payment in gold or its equivalent in dollars. When this was refused, the bank took the question into Federal Court in St. Louis. Later Bankers Trust tried to withdraw its suit, but Judge Charles Breckenridge Faris refused permission, on the ground that...

Author: /time Magazine | Title: JUDICIARY: Gold as Commodity | 7/2/1934 | See Source »

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