Word: unsounded
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...Angeles County Supervisors, the Board of Education, Taxpayers' Leagues, representatives of newspapers and the Coroner's office joined in an investigating committee to fix responsibility for unsound building construction. Architects reminded the Board of Education that no major earthquake had been officially anticipated, that in a desperate effort to house the county's rapidly expanding school enrolments, many new buildings had been walled with cheap veneers which simply could not withstand seismic shock...
...particular ways in which the Bank came to be in such unsound condition that it had to be closed in 1930 were devious and complicated. The major "misapplication" of funds was the transfer of debt from the Bank of the United States to other companies personally controlled by Marcus and Singer. This was done largely through a huge loan, eight millions in excess of the legal limit, and through the sale to these affiliates of a block of stock at almost twice its book-value. For the sake of simplicity, only these operations were brought up by the investigators, though...
...point out that just as businesses and families pare down expenditures to the bone and beyond, so ought governments to adopt a similar course. And the heads of federal, state, and city departments have generally bowed to this show of logic. But this is an outworn and economically unsound argument. The time for the government to retrench and take stock is not in a depression, but in times of prosperity. In a period when there is considerably little money passing about, when individuals and private businesses are postponing their buying and economizing in every way, it is exceedingly foolish...
...floated in ten years, of which something under one billion have been in "difficulties." Banker Mitchell's salary is $35,000 a year. In 1927-29 he made nearly $3,500,000 extra, fact which led rich Senator Couzens to exclaim that "unreasonable salaries and bonuses led to unsound banking and unsound securities sales...
...original enlargement of this particular class for economic reasons was unsound, and to make the House Plan suffer through the withdrawal of the graduates and their contribution toward maturity and continuity would be to condone a very questionable practice. University authorities must find some other solution than that of a drastic limitation of the graduate students in the Houses on order to enable the Freshman class to migrate en masse next year to the realm of Georgian facades and Moorish domes...