Word: transfering
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Dates: during 1930-1939
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...British note to the U. S., the text of which had leaked out prematurely in Washington "due to a misunderstanding for which the United States Government is in no way responsible." While announcing that no token payment would be made June 15, the note declared: "The attempt to transfer amounts of this magnitude would as its immediate effect cause a sharp depreciation of sterling against the dollar, which as His Majesty's Government understands would not be consistent with the monetary policy of the United States Government...
...change this week will cause hardly a ripple in day-to-day routine. But to securities affiliates of big banks and their officers and employes, the law meant rough readjustments. Chase Corp., City Co. and Guaranty Co. will be liquidated, their personnel cast adrift. Chase lately arranged to transfer what little remains of its securities organization to First of Boston Corp., divorced affiliate of Boston's First National Bank. Many of the old executives who went to Chase with its purchase of Harris, Forbes in 1930 have already departed to form their own firm. Dissolution of City...
...Fundamentalism in that church, repudiated the Independent Hoard, went on record as "disapproving the formation of a new board." Conservatives and liberals united to defend the board of the church and its secretary, Robert Elliott Speer. Some weeks ago Dr. Machen, head of the new Board, sought to transfer his membership from the New Brunswick Presbytery (Princeton), where he was hopelessly alone, to Philadelphia, where he hoped to rally the forces of Fundamentalism. So many opposed his reception that he is "a man without a presbytery" until his status is determined by the Pennsylvania Synod in June...
...business in the five years and eight months was approximately $292,000,000,000-a figure not far from the total national wealth. On this great turnover brokers' profits amounted to approximately three-tenths of 1%. Mr. Pecora also failed to mention the fact that State and Federal transfer taxes during the period yielded more than $360,000,000, an amount equal to about 40% of brokers' total profits. Boiling mad at Mr. Pecora's tactics, President Richard Whitney of the New York Stock Exchange roundly damned the report as misleading propaganda in favor of the Stock...
Century Titans. When he died in May 1931, the fortune of the man who had intimately affected the destinies of John Pierpont Morgan, James Jerome Hill, Andrew Carnegie and many a lesser light was estimated as high as $500,000,000. Last week the State Transfer Tax Bureau appraised it at $73,209,683 net as of the date of his death. But if it had all been dumped on last week's market, it would have fetched less than $53,000,000.* To get their hands on it, the Baker heirs had to pay a State and Federal...