Word: solvent
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Dates: during 1930-1939
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...Wiggin and Mr. Hoover have the common bond of being ex-presidents and Mr. Dodge is an ex-vice president. Harley Clarke's General Theatres Equipment company is in a receivership and so is Fox Theatres. Loew's, Inc. (and Metro-Goldwyn-Mayer), again independent, remain solvent and prosperous, having made a profit of $4,034,000 for the year ending Aug. 31, 1933. But the disputed 660,000 shares of Loew's. Inc. (the majority holdings bought by Mr. Fox) have been segregated by the U. S. Government. They may be sold next month to satisfy...
...Club in London last fortnight, he anticipated the possibility that the Bank might be a disappointment until Canadian bankers were converted to its principle. Puffed he: "When you reflect that not a single depositor has lost a cent in this troublesome period and that the banks are firm and solvent, you will agree that the bankers of Canada may well take credit to themselves. . . . I am not at all sure that Canada may not, before many years are over, become the economic centre of the British Empire...
...smart money" withdrawn prior to the St. Valentine's Day closing; and 3) "most powerfully am I urged to conclude that the Government would not permit an insolvent bank to operate in fraud of its citizens, and I am constrained to find that the two national banks . . . were solvent." It was a thorough whitewash of Detroit's banks & bankers...
When the Depression was young, Milwaukee used to boast that it was the most solvent city in the U. S. At the end of 1931 it had a $4,000,000 surplus while all other large municipalities were wallowing in deficits. Since then, however, Milwaukee's finances and fame have gone steadily downhill until last week some 46,000 of its citizens were on record for the recall of their longtime Mayor, Socialist Daniel Webster Hoan. So unconcerned was Mayor Hoan with the fight on him and his policies that he went off fishing in northern Wisconsin...
...holiday, that was clearly Detroit's own fault, said the Senator. Treasury officials were refusing to grant clean bills of health to any unsound bank and Detroit had been unable to agree on a reorganization plan. It was poppycock to claim that the banks were and still are solvent, snorted the Senator; months before they closed their solvency "was a matter of question"; if First National had written off the $49,000,000 that Federal examiners labeled losses, it would have been "hopelessly insolvent" in May 1932. Asked why the bank was not closed then & there, Senator Couzens smiled...