Word: worthing
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Dates: during 1930-1939
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When news got out eight weeks ago that the Democratic National Committee had sold souvenir campaign books-bound in leather and autographed by the President -for $250 each, and that some of the $700,000 worth of books had been bought by corporations, which are not allowed to contribute to campaign funds, Republican Representative Bertrand H. Snell naturally demanded an investigation (TIME, June 21). Last week, while Representative Snell's resolution remained securely pigeonholed by the House Rules Committee, the subject of the campaign books cropped up again, this time in the Senate Committee on Interstate Commerce investigation...
...also the National Association of Musical Merchandise Wholesalers and a sizable collection of manufacturers, who brought along the biggest agglomeration of musical wares ever assembled. For four days, deals, discussions, and congratulations were drowned by the cacophonous obbligato of their competing demonstrations. The 2,500 instruments on display were worth...
...drastic write-downs on machinery and equipment made its overheac the lowest in the industry. Brightened by Mr. Bradley's analysis, the directors elected him to succeed President Wallace Zwiener, who died a year ago. The company then dropped a previous proposal to issue some $570,000 worth of stock, adopted a more ambitious plan. Approved by Hupp stockholders last April this provided for a reduction in par value of the outstanding common stock from $10 to $1 a share, exchange of stock on a one for two basis, sale of 988,971 new shares at $3 a share...
...administration" last November, Missourians felt that a good place to begin businesslike reforms was in the marketing of State bonds. In 1934 Missouri voters authorized a $10,000,000 issue of building bonds for the rehabilitation of prisons and charitable institutions. Few months later the first $2,000,000 worth were sold to the highest bidder among six syndicates, including most of the top-flight bond houses in the U. S. The next $2,000,000 lot, however, was not opened to public bidding but sold privately in March 1936 to Baum, Bernheimer Co. of Kansas City. Other bond houses...
...bonds were put on the market they would be opened to competitive bidding. Lulled by the Governor's words, they woke up shocked and angry last fortnight when the State Board of Fund Commissioners blandly announced the sale to Baum, Bernheimer Co. of the last $3,000,000 worth of building bonds at a premium of $100,000. Governor Stark was vacationing in Alaska...