Word: solvent
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Dates: during 1930-1939
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...York State's 51 guaranteed mortgage companies, 31 were allowed to resume business. They had succeeded in persuading holders of 35% of their mortgages to waive the guaranty, were thoroughly solvent. But their guaranteed mortgages amounted to only $126,000,000. The other 20 companies, with $2,900,000,000 of guarantees outstanding, were (or will be) taken over by Superintendent Van Schaick for rehabilitation. Biggest companies he took over last week were Bond & Mortgage Guarantee Co., Lawyers Mortgage Co. and New York Title & Mortgage. These three companies had assets of $144,000,000, liabilities...
...grand jury" had been investigating the causes of the old banks closing, of their staying closed, of the reasons why three bank plans collapsed. Result was a potpourri of charges and counter-charges-that the old banks never should have been closed, that they were and still are solvent, that Manhattan bankers, Senator Couzens, the R. F. C. or rival motor makers had stupidly if not maliciously kept Detroit from getting back her banks. Three weeks ago the one-man grand jury recessed to give Edsel Ford a chance to negotiate in peace for formation of a new bank. Last...
...this spring handsome old General Zakhari Mdivani died. To bury him Princes David and Serge left their California wives and wells, drew most of the cash out of their California banks and rushed abroad. Last week Wives Mae Murray and Mary McCormic, convinced that their absent husbands are highly solvent, were in court suing them respectively for divorce and separate maintenance. Brother David, according to Princess Mae whose divorce suit charges "unreasonable jealousy," has been drawing $500 monthly from the oil company for which she "put up the money." Naming $1,000 as Brother Serge's oil income. Princess...
...Whenever the guarantee fund sinks to ¼of 1% or less of the deposits of the insured banks, the banks will be required to contribute another ¼of 1% of their deposits, again and again as long as they remain solvent...
...bill and many a good banker began to worry about the prospect of having his profits taken to pay the losses of bad bankers. Econostat, statistical weekly, calculated that if the deposit guarantee scheme had been in force from 1928 to 1932, 62% of the net profits of solvent banks would have been taken to pay the losses of closed banks. The banks of New England and the Middle Atlantic States having 61.5% of U. S. deposits would have had to pay 61.5% of all losses although only 19% of the bank failures were in their territory. The eleven biggest...