Word: tolls
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Dates: during 1930-1939
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...lend them the balance for such self-amortizing public works as toll bridges and tunnels. The yet-to-be-balanced Budget would not be disturbed by a bond issue...
Delvers into Kreuger, With pointed innuendoes against "the'illustrious banking houses that offered these debentures for public subscription as 'secured' debentures," last week a new committee was formed to delve into the Kreuger & Toll-International Match fiasco. Heading the committee was Bainbridge Colby, onetime (1920-21) Secretary of State, onetime lawyer for Mark Twain. Co-counsel was sharp-tongued Samuel Untermyer. Lee Higginson & Co., Kreuger's U. S. bankers, have formed protective committees, asked for stock deposits...
Other developments during the week were: a charge that Kreuger supported a Stockholm Communistic paper (as did many a Russian capitalist before the Revolution) ; an opinion that Sweden's high income taxes must be upped another 15% to make up for the loss of Kreuger & Toll's big payments. "Only the beginning" was the gloomy warning of the Government's newspaper, Svenska Morgonbladet: "The coming week will be one of the most nerve-wracking ever experienced by the Swedish nation...
...able to state that in our opinion without doubt the balance sheet of Aktiebolaget Kreuger & Toll as at Dec. 31, 1930, as well as the consolidated balance sheet accompanying it... grossly misrepresented their true financial position...
Stocks rose in Stockholm last week as the Swedish Treasury and private banks pooled $30,000,000 to tide over a leading Swedish bank hard hit by the suicide of overwrought Ivar Kreuger, president of the Swedish Match Trust (Kreuger & Toll). Next day Swedish stocks upped again as the Diet extended for another month the Kreuger & Toll moratorium...