Word: statement
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...That statement convicted Albert Bacon Fall, onetime (1921-23) Secretary of the Interior, of bribery. It branded him as the first felon in a President's Cabinet in U. S. history. It made him liable to a three-year prison sentence, a $300,000 fine.* It changed the $100,000 in cash sent Fall in a little black bag by Oilman Edward Laurence Doheny from an innocent "loan" between old friends to a corrupt and criminal payment to influence the Secretary of the Interior to lease U. S. Naval Oil Reserve No. 1 at Elk Hills. Cal., to Doheny...
...wore on Plum the Great recovered consciousness, called for his secretary, dictated what was afterward variously described as a "statement" and a "confession," then called in members of his family and tried to explain what steps they could take to save the Plum companies. At last he demanded what had been done with his pistol, was told that the police had taken it, seemed vexed. Since his doctor prescribed sleep he was left alone. Stealthily he rose, painfully dragged himself to a cupboard where he had secreted another pistol. Merciful, the second bullet brought Death to Harald Plum...
...Europe. It was Partner Thomas W. Lament with whom conferred Charles E. Mitchell, National City Bank; William C. Potter, Guaranty Trust; Albert H. Wiggin, Chase National Bank; Seward Prosser, Bankers Trust. These men controlled resources of more than $6,000,000,000. They .met briefly; they issued no formal statement. But to newsmen, Mr. Lamont remarked that brokerage houses were in excellent condition, that the liquidation appeared technical rather than fundamental. He also conveyed, without specifically committing himself, the impression that the banks were ready to support the market. And the meeting was hardly over before Hero Whitney had become...
...immediate exit from the market. Thus the session, opening with an accumulation of selling orders, both amateur and professional, was hopeless from the start. By noon more than 3,500,000 shares had been sold in what was obviously a panic-situation. Again bankers met, but issued no statement, hardly retarded the decline. Again Broker Whitney haunted Post No. 2, but at this time U. S. Steel broke through 200, reeled down to a closing figure of 186. All the blue chips of the late bull market were hammered and sliced-the better the stock, the bigger the break...
...best shown by the fact that very soundest stocks were selling at ten times current earnings and many a stock such as that of the General Motors Corp. reached a point where it was only five or six times current earnings. And General Motors, according to the once unchallenged statement of John J. Raskob, should sell at 15 times earnings. Quite aside from their relation to earnings many stocks sold at a point where their actual yield in dividends was higher than the yield of bonds. The following were typical of stocks which were purchased at a price to yield...