Word: investment
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Dates: during 1930-1939
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...perfectly clear that the life insurance companies and other saving institutions have more funds at their disposal than they can possibly place," Professor Bansen continued. "The problem is to get enough projects in which they can invest...
...garage. The three surviving officers. President George F. Allum, Vice President Olaf Andrew Larsen and Secretary & Treasurer Henry Adolph Engel, went to jail for lack of bail. Few days later the Chicago Stock Exchange took the unprecedented step of advertising "An Open Letter to the Public . . . INVESTIGATE -BEFORE YOU INVEST...
Life insurance executives have not had an easy time finding profitable places to invest their policyholders' money. But real estate is traditionally such a bad investment for life insurance companies- because when cash is needed quickest is just the time real estate is least convertible-that most States have passed laws against it. The 1906 New York Insurance code forbade insurance companies to own any land or buildings that they did not do business in or that they had not acquired through mortgage foreclosures-and these they had to get rid of again within five years. Most other States...
Last February the New York Legislature modified the insurance code again: Till 1943, by the O'Brien-Piper Bill, insurance companies can once again invest in low-cost housing. But the amount of rent they can charge this time is not specified. Metropolitan apartments will undoubtedly rent for more than $9 a room. Truly low-cost housing, with the price of building materials and building labor as high as it is now, will continue for a while to be built by the Government...
Henry Morrison Flagler, son of an impoverished Presbyterian minister in upstate New York, organized Standard Oil Co., left John D. Rockefeller to run it and retired to Florida in 1883 with ever mounting millions in profits. These he proceeded to invest in building Florida hotels (one with 13 miles of corridors), towns, railroads. One of his dreams was to connect Key West with the mainland. He declared he would die in peace once his railroad stretched over the 140 miles of coral reefs to the most southerly U. S. city. Seven years, some 200 lives...