Word: write-offs
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Some of the probable industries to be forced into cartels are coal, iron, steel, textiles, shipbuilding. Since the Conservative Party is dominated by industrialists they will be the class favored in opposition to the financial, reatier, and labor groups. Labor can be bought off by a meaningless advisory board which...
...anticipated equity after the reorganization is $25,000,000 in common stock capital and $25,000,000 in surplus, undivided profits and reserves - a total of $50.000,000, indicating a write-off of $56,600,000. Thus, adding $40,000,000 written off a year ago when Continental Illinois be came a national bank and some $10,000,000 written off earlier, the bank's total write-offs will exceed...
Mr. Pecora: Was there a write-off of securities? . . . Did you sign for Jan. 1 and Jan. 2? ... Who signed the 1930 income tax returns? . . . Didn't examiners go over them? . . .
Second, while directors were heartily sorry for his and their mistakes (especially stock-selling) they did not admit that his or their acts were culpable. For every evil-looking act listed above they had an explanation which gave the lie to the headlines. Example: all loans made to officers were...
Last week the following were news: Charles Wilbur Miller was not re-elected president of Davison Chemical Co. When the Company issued its statement for the year ended June 30, much comment was caused by the following write-off: "Provision for loss in realization of advances made to president of...