Word: worthing
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Dates: during 1930-1939
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...Governor Tannery thought he was doing last week, such proposals as his scheme to check hoarding by handing out gold coins impressed neutral observers as peculiar. For some years one has been able to get gold at the Bank of France only if prepared to purchase it in bars worth about $14,200 each. Before the Chamber of Deputies last week went the new Cabinet of millionaire Radical Socialist Premier Albert Sarraut. His Foreign Minister is that same moose-tall, fair-haired Pierre Etienne Flandin who as Premier appointed Jean Samson Tannery to be Governor of the Bank of France...
...When a bank lends, say, $25,000 to a businessman, it credits his account with that amount-an addition to the deposits, hence a liability. To balance the books' the bank takes the businessman's note for $25,000, which is an asset. Thus $25,000 worth of new credit money is turned loose in the country, passing from bank to bank in the form of checks. Not until the borrower pays off his loan does that money disappear from circulation. Provided he has enough capital, the only limit on a banker's power to create credit...
Bugaboo of all corporation managements are plans of recapitalization. Usually such plans involve asking stockholders to waive overdue dividends. Invariably hey ask stockholders to swap something hey have bought in good faith for some ew security of uncertain worth. When here are several different classes of stock ach class is likely to feel that its interests ave been sacrificed for the others...
Northrop will have a better chance in the 3/4-mile race, but the competition here will also be greater with almost the whole cross country squad entered. Henry O. Marcy '38, Charles C. Worth '37, William H. Wright '38, and Brayton are all entered. Marcy and Worth have also gone into the 1 1/2 mile grind...
...judges are worth our salt, our gilt, our pillars...