Word: bond
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Hugo Hermann Stinnes Jr. is charged with supplying sharpsters with funds whereby a bond swindle involving several million marks was attempted. Clumsy, they falsified twice as many bonds of a certain series as were ever issued. Some people can see through a racket as clever as that. In cell sat Stinnes. He had been obliged to resign as president of 17 Stinnes companies in which U. S. investors have a stake...
...Paul. Some of the bond and stock holders of the old Chicago, Milwaukee & St. Paul Railway do not yet know that their railroad failed more than three years ago and last year was sold to creditors at auction. The reorganized road is called the Chicago, Milwaukee, St. Paul & Pacific. Kuhn, Loeb & Co. and the National City Co. are its bankers. They have been trading new bonds and stocks for old. But owners of $4,000,000 old bonds, 6,000 old preferred shares, and 15,000 old common shares have made no sign of trading...
Rejoicings by Chinamen of the U. S. at Nationalism's triumph found substantial expression, last week, when a $40,000,000 Nationalist Bond issue was eagerly subscribed...
...Guaranty Trust Co: "This is one of the by-products of prosperity with which we have not learned to dal." Warned the wise Cleveland Trust Co.: "Clearly a reform is needed in New York banking practice." Screamed the financial writers, sensationally: "Boot leg Loans! Outlaw Banking!" Depressed, discouraged, the bond market fell to 98.29, the year's new low. But the stockmarket, still optimistic, held its own, advanced a little...
Chicago obligingly furnished a list. It pointed to the offices of the Illinois Merchants Trust Co., where sat Minnesota-born Eugene Morgan Stevens, golfer, fisherman, bond expert, and New York-born Frederick Tudor Haskell, trained in Chicago banking for 55 years. It pointed to the "biggest" Continental & Commercial National Bank with its Brothers Reynolds, Arthur of the potent Armour meatpacking interests, and, George McClelland, who politely declined in 1909 to be Taft's Secretary of the Treasury. It pointed to big but smaller banks, to the Chicago Trust Co., from whose roster of vice presidents the U. S. Chamber...