Word: default
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...pound class: Peter Ward '36 (Capt.) (H) by default...
...nowhere in the world is the hotel trade worse than in the U. S. A year ago this $5,000,000,000 industry reported to NRA that 80% of all hotel mortgages were in default, that hotel bonds were selling for 15¢ on the dollar, that one-third of 15,000 or more hotels in the U. S. were unable to pay taxes, that 15% could not even meet payrolls. Repeal jumped restaurant receipts 40% and room receipts have run 12% above 1933, but most of those gains have been canceled by rising costs of labor, food and supplies...
Minneapolis & St. Louis, operating west and south from Minneapolis but not to St. Louis, has been in receivership for eleven years. All its mortgage bonds are in default including $2,000,000 worth held by the U. S. Government-not acquired by Mr. Jones's RFC but by the Treasury in connection with loans from the Wartime Director General of Railroads...
...that while Germany undoubtedly has both the gold and dollar exchange necessary to effect a complete transfer of interest payments now, she most certainly has not enough of either to meet her short and long term capital obligations as these fall due in the future. The present partial default on interest payments in merely a symptom of the folly of an impossible tariff and its incompatibility with payment-in-full to creditors in Wichita and Kalamazoo, especially when its ill-effects are aggravated by inflation...
...listed among New York Title's assets at the end of 1932-$30,000,000 of mortgages "available for sale." Fact was said the prosecution, $12,000,000 of these mortgages were pledged for an RFC loan, and others "in amount unknown to the grand jurors" were in default as to taxes, hence not available for sale...