Word: solvents
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...Nashville Clearing House's report was from a special committee which had been appointed to meet with members of Caldwell & Co. At the conference was Eugene Robert Black, busy governor of the Federal Reserve Bank of Atlanta. "We believe Caldwell & Co. is solvent," said the report, "and with co-operation its affairs will be worked out. . . . [Its affairs] have been placed in our hands as a committee for the purpose of conserving and protecting the interests of that institution. "Said Governor Black later: "I ... am delighted at the outcome. ... It is most pleasing to commend so constructive a policy...
...irregularities, Mr. Bob's associates held long, mysterious meetings, still maintained their chief's return was not far distant. In the offices of Rainbow Lumi nous Products, directors met for hours, hinted that new, strong interests were about to take hold, found the company decidedly solvent With these events the upward climb of Charles V. Bob seemed gravely impeded if not permanently halted. His whole story is the tale of a mining man who turned from the search of natural metals for the easier gold that lies at the end of the financial rainbow...
Last week President Hoover sent to Congress a request for another $150,000 to keep the delegation solvent, if not active, at London. This sum he expected to last until mid-April, before which a termination of the parley is not looked...
...Cook had appeared in Texas as head of a petroleum producers association. His economic theory: "A consolidation of bankrupt companies with dry wells would produce a solvent company with flowing wells." He bought up some 300 dry oil wells, claimed a capitalization of $380,000,000, sold stock by mail. Excerpts from the Cook sales letters: "We say it with cash dividend checks, not with flowers." "Oldfashioned hell is too good for the fake oil promoter, the most contemptible human rodent that ever breathed God's pure air." "We have the greatest oil pool in Texas." Ignorant "investors" lost...
Perhaps in the near future some sufficient inducement may be offered--the keys to the city, or to the first national bank--for these unknowns to take over the management of the city completely, so that Chicago may once again take her place in the proud ranks of the solvent cities...