Word: share
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Dates: during 1920-1929
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...Messrs. X and Messrs. Y." Capital of the Bank will be $100,000,000. The share of Japan and the U. S. will not be subscribed by their central banks?as in the case of Britain, France, Italy and Belgium?but, according to Article Six, by "Messrs. X, acting in place of the Bank of Japan, and Messrs. Y of New York." Of course "the Messrs. Y" will be J. P. Morgan & Co. Thus without putting up a cent the Federal Reserve?traditionally in closest touch with the House of Morgan ?will have a major "phantom stake...
Heroes. Julius Rosenwald, board chairman of Sears, Roebuck, early in the decline offered to cover the margin accounts of all his employes, became the prime hero. Later Standard Oil of New York became hero-ized with its announcement that it would lend $43 a share ($11 above the market at one point) to employes who had borrowed on their holdings. Other helping companies were Standard Oil of New Jersey, Humble Oil, Gulf Oil, U. S. Steel, Newton Steel. Late last week, when Washington's official silence was broken with promise of the tax reduction, then of an industrial conference, Hoover...
...could be definitely learned about the course of individual fortunes. Paper losses of such stockholders as George Fisher Baker and Andrew William Mellon were estimated. On the other hand it was known that the State of New York had profited from the heavy transactions. A tax of 2¢ a share on no par stock and 2¢ per $100 of value on par stock, netted New York $4,884,427 in October. Thus can the state build better roads, broader bridges to bear the increasing traffic of U. S. prosperity...
Intensive defensive work has given the Harvard team confidence in its ability to halt the touted Eli power plays. The Crimson offense, too, has received its share of polishing up; tomorrow's game should find it clicking at top speed. Better timing and greater speed in the execution of running plays has been the aim of the Harvard mentors...
...Crimson running attack should also come in for its share of polishing up. It seems probable that Coach Horween and his aides will evolve a reliable power play, the lack of which has cost the University team more than one sure score-during the campaign...