Word: cashes
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Dates: during 1930-1939
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Responding to the political demand of minor War-veteran organizations for a cash payment on their Adjusted Service ("Bonus") Certificates as a form of Depression Relief, the Senate Finance Committee last week began hearings on this proposition. Opposed as ever to cashing this Government obligation 15 years before maturity was Secretary of the Treasury Andrew William Mellon...
Another instance last year had more unfortunate results. A doctor, whose son was also a Freshman, received a call from a man telling correspondingly accurate stories about the son's college life, and finally asking to cash a check for $25. The doctor, completely taken in, did so, but the check was returned from the bank, marked "no such account." Of course, by that time, the swindler had moved away from the Twin Cities...
...selfishness." Richfield Receivership. Concrete evidence of the industry's troubles was the passing of Richfield Oil Co. of California into receivership last week. The action came as no great surprise, since for many a month Richfield has frantically fought. to avert the inevitable result of big debts, no cash. Oilmen knew that Sinclair Consolidated Oil Corp., Tide Water Associated Oil Co. and Union Oil Co. of California had each thought of acquiring Richfield. A solution was thought to have been reached when a big change took place in Richfield's management and William Chester McDuffie, 44, president...
Coinciding with this report, however, came an announcement showing that a potent Manhattan banker and his friends still have faith in Manufacturers, have backed up their faith with cash. Harvey Dow Gibson, chairman of New York Trust Co.'s executive committee, revealed that he & associates have bought a large block of stock in Manufacturers, that he will become president, that some of his associates may later take places on the directorate. The stock was bought from Goldman Sachs Trading Corp. which previously held a 32% interest in Manufacturers. How much was bought and at what figure remained undisclosed...
...steady sequence, has many a U. S. community suffered the pangs of Bank Failures, of cash tied up, of prominent citizens suddenly under suspicion. Fear has followed Faith; Tragedy stalked Prosperity. To tell of each failure would be impossible. To fail to search beyond the weekly figures of failures would be to miss the true social significance of the Depression...