Word: sec
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Dates: during 1930-1939
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...considered the best all-round track man in the U. S. Besides winning the Big Ten championship in the shot put, broad jump and discus three years in a row, he has cleared the high jump at 6 ft. 5 ¾ in., has run 100 yd. in 10.1 sec., 440 yd. in 55 sec. If he can brush up on the pole vault, javelin, high hurdles and the 1,500-meter run, he may be America's best bet for the 1940 Decathlon championship...
...Nazi economics. Appended to his cable was a casual last paragraph which remarked that unofficial estimates placed Germany's secret debt at between 20-25,000,000,000 marks, and her total public debt at upward of 64,000,000,000 marks ($25,683,200,000). Last week SEC embarrassed the Nazi Government by asking it to tell all about its hush-hush bookkeeping...
...bonds. These were not to be sold in the U. S.-they could not be. They were to be offered in lieu of interest for the years 1937-40 to U. S. holders of $250,000,000 of German bonds. As if the Nazi Government were a deceptive promoter, SEC cracked down with the threat of a stop-order, set August 15 for public hearings...
While Germany's representatives in the U. S. spluttered that no statement of condition could be demanded of a sovereign nation, SEC's five members (three Democrats & two Republicans in full accord) enjoyed the well-earned slap which they had given the Nazi face...
...citizens stuck with German bonds, SEC's refusal to let Germany "pay" was no great loss, if anything, opened possibilities of a better deal. The bonds were last week kicking around in Wall Street for 25? on the dollar, in Germany, at 60 pfennig on the 100 pfennig Reichsmark (good only in Germany). If SEC had accepted the application, bondholders would have got $35,000,000 of bonds (1937 and '38 interest) which at 3% would have netted them about $1,000,000 a year in usable money. British holders of German bonds got a better deal which...