Word: surpluses
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Dates: during 1920-1929
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Like most Andover boys, he went to Yale. A suit-pressing business which he organized paid all his expenses, infuriated old-established rivals, left him a large surplus after his graduation (1913). One of his employes in the pressing business, a bright Italo-Amcrican boy of eight or nine, so delighted Undergraduate Hamilton (then about 18) that he legally adopted him, later sent him through Andover and Yale. This adopted son now has a son of his own, making Bachelor Hamilton a legal grandfather...
...into the call money market- "the safest form of investment known in this country." Furthermore, the more the Reserve Board scolds and harries the Stock Market, the higher the interest rates on call money go and the more attractive becomes the call money market as a destination for surplus funds. Thus the Reserve Board has, against its own intentions, continually forced money into call loans and away from other employment...
...general had the money now in brokers' loans, it would swell up and burst. There is more capital extant "than the country knows what to do with." The safe place for this capital is in the Stock Market, pictured as a kind of financial safety valve in which surplus funds may harmlessly be blown off. Mr. Simmons did not claim, however, that these surplus funds should remain in the call money market. If, said he, the corporations that are lending money on securities would instead buy those securities (that is, if a corporation bought 1,000 shares of stock...
...vote of the Corporation allowing $166,000 of the H. A. A. surplus to be used for the erection of the second floor of the Athletic Building is evidence of a change of mind that should be heartily endorsed by those who have followed the recent developments. Time and money have been saved for both architect and builder and one mental hazard has been successfully passed...
...equally obvious that the independent position afforded the Athletic Association by a large surplus, is fully sufficient to insure the fulfillment of its particular needs. For it is estimated that aside from the $225,000 to be invested in permanent improvements during the next year, and aside from $166,000 that now is to be devoted to the gymnasium, there will yet remain a surplus amounting to $350,000 in the H. A. A.. treasury at the end of the year 1930. Consequently, if the possibility of any beneficence hovers over the edge of the horizon, the Physics department...