Word: underwritten
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Regarding bonds against other properties underwritten by the company, Receiver Lawrence Berenson said: "The intrinsic value of the bonds was not changed by the receivership and that the rights of the bondholders in the properties securing their bonds were the same as heretofore...
...Franklin of the International Mercantile Marine Co. in London, where last week he was shrewdly consummating the $35,000,000 sale of half his fleet to British operators, caused concern to U. S. shippers. They felt that this sale- of the British-registered but U. S. operated and underwritten White Star line's 500,000 gross tonnage- meant further disintegration of the U.S. merchant marine. It may be that President Franklin will use the sales proceeds to wipe out an International Mercantile Marine indebtedness of almost like amount or, and more probably, to buy up certain U. S. Shipping...
This project too has yet to materialize, but its announcement last week was underwritten by the following names: William George Besler, President of the Railroad Presidents of America; David White, Chairman of the Division of Geology and Geography of the National Research Council; Edward Francis Carry, President of the Pullman Co.; Charles Campbell, Deputy Minister of Mines for Canada; Ralph Budd, President of the Great Northern Railroad; Stephen Tyng Mather, Director of the National Park Service; Hermon Carey Bumpus, American Museum of Natural History (1902-11); Charles Doolittle Waicott, President of the Smithsonian Institution; C. A. Fetterolf, International Mercantile Marine...
...heel? Almost as fine a day for lovers of coincidence occurred one day last week, when The New York Times headlined: DR. JOHNSON TO EDIT DICTIONARY, referring to crisp, diffident Dr. Allen Johnson* of Yale University and the Dictionary of American Biography, the production of which the Times has underwritten (TIME, Dec. 22, THE PRESS...
Last week, Cleveland H. Dodge† inaugurated a drive for $2,500,000 for these Eastern seats. Said he: "It is hoped that this amount may be underwritten as an insurance policy within a few months...