Word: solvently
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...take money from his RFC. Bankers who really needed Government money were scared to take it because of the onus attached to RFC loans. Those in a sounder position could not find use even for the money they already had. Upshot was that Mr. Jones finally persuaded big super-solvent institutions to sell him notes or preferred stock as a patriotic gesture, thereby setting an example for smaller banks to follow. One of the first to do this was Chicago's First National, then headed by the late Melvin Alvah Traylor. Before he was through, RFChairman Jones injected...
Good Things. Under Mayor Hoan, Milwaukee has grown famed as a paragon of cities. Among cities of more than 500,000 population, only Baltimore has a lower per-capita cost of government, only St. Louis has a lower per-capita bonded indebtedness. Throughout Depression it has kept notably solvent, has not once defaulted on a payroll or interest payment. It has set up an amortization fund which at the present rate of growth will wipe out its entire bonded indebtedness by 1943, put all city operations on a cash basis...
...mercury destroys spirochetes more effectively than mercury injections. Reasoning by analogy, they ask pharmacologists to produce a potable bismuth like the drink Professor Hanzlik announced. In his potion, which 200 San Franciscans have found harmless, which 40 San Francisco syphilitics have found beneficial, the solution is sodium bismuthate; the solvent, a mixture of propylene glycol and a new substance called tri-iso-propanolamine...
...equipment trust certificates to be sold by two of U. S. Steel's railroad subsidiaries for the purchase of freight cars, the bulk of corporate financing is still refunding-swapping new money for old.* Interest rates are so low that almost no solvent corporation can resist the temptation to call in old high-coupon bonds, pay them off with cheap funds...
...chemistry. One day at Oberlin College he heard his chemistry professor say that fortune awaited the man who found a way to make aluminum cheaply. The story is that Charles nudged his neighbor, whispered: "I'm going after that metal." He hit on the idea of finding a solvent for the oxide ore, bauxite, then electrolyzing the solution, sending oxygen to one electrode, pure aluminum to the other. After graduation he cooked indefatigably in his back yard, trying dozens of solvents in vain. His crucibles were shaky, his batteries uncertain. Finally he found that electrically melted cryolite, a mineral...