Word: thrifting
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...already jumped on nine other "thrift plans" this year, but mostly for minor offenses in their business of selling their shares on the installment plan. Charges in Fidelity's case are more grave: That Fidelity obtained money and property by means of untrue statements, had failed to maintain required reserves against its $276,000,000 in outstanding certificates, had resorted to interfund transfers to write up the book value of securities by "well over $1,000,000," had used investors' funds for the benefit of trie officers and directors of the company...
...Today he is at the peak of his mental and physical vitality. . . . The only thing old about John Garner is his philosophy. He still believes in the old-fashioned virtues of economy, thrift and self-reliance. . . . We do, however, plant our feet firmly upon Democratic and American tradition in respect to terms of service...
According to Coyle, U.S. society is in the grip of a growing "organization of scarcity"-not because of actual productive lack, but because the oldtime concept of thrift has been subverted into a modern concept of saving. He points out that investors, in their desire to save, have pushed far more money into capital markets since 1919 than business could profitably employ. Rather, they should buy goods and services. (An old Coyle saying: "Saving for a rainy day only makes it rain...
...Cracked down upon another investment "thrift plan" (for selling securities on the installment plan over a term of years). SEC has enjoined an estimated 25% of such U. S. thrift plans from selling shares without prospectuses or with misleading information. Last week the sixth thrift plan enjoined by SEC, Lexington Foundation Inc., consented to a permanent injunction without admitting guilt.* Lexington, whose contracts total about $16,000,000, may continue in busi ness so long as it is careful to issue prospectuses which make clear such facts as that from the first $100 which an investor pays, some...
...Crooked Horse Race plot -perhaps an influence of the double feature. The Beebe family is distinguished from most cinema families by the fact that one member of it (Fred MacMurray) works. Joe Beebe (Bing Crosby) does not work, not having the knack. He is idle and lazy, with no thrift, energy or regard for the value of money; he drinks, philanders, plays the horses, comes to an only temporary good end. When Mrs. Beebe (Elizabeth Patterson) persuades him to give up the trade of horse racing, he takes up the hardly more stable trade of singing in night clubs. Sing...