Word: holman
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Buyer of the certificates will be Jesse Holman Jones's RFC. Nevertheless, Mr. Jones is not noted for shoestring commitments. Douglas Sleepers cost more than $100,000 each, and after all 20 are delivered to American Airlines, Mr. Jones's investment will be $1,250,000. This sum will be paid off in installments within four years...
Last week RFChairman Jesse Holman Jones blew a choice railroad reorganization plan out of his office with one impatient blast only to find it again on his desk, with modifications, a few days later. This resilient scheme belonged to President Roosevelt's fifth cousin once removed, Philip James Roosevelt, a Manhattan banker who fortnight ago shocked a Senatorial subcommittee by declaring that his kinsman's government was thievish. As chairman of a bondholders' committee for Minneapolis & St. Louis R. R., Banker Roosevelt was trying to get his own reorganization plan approved rather than see the road devoured...
...notes now held by RFC. The bank will offer its present stockholders $25,000,000 worth of a new preferred stock in the ratio of three shares of new stock for each ten shares of old. A curious feature of this plan is that Jesse Holman Jones's RFC will carry any Manufacturers Trust stockholder who wants to subscribe to 100 shares or less on what amounts to a 10% margin. On listed stocks the Government requires a margin...
...early days of the New Deal Jesse Holman Jones had to storm the stubborn walls of U. S. banking to get anyone to take money from his RFC. Bankers who really needed Government money were scared to take it because of the onus attached to RFC loans. Those in a sounder position could not find use even for the money they already had. Upshot was that Mr. Jones finally persuaded big super-solvent institutions to sell him notes or preferred stock as a patriotic gesture, thereby setting an example for smaller banks to follow. One of the first...
Ralph Rainger (Paramount) is one of the few popular songwriters who has had thorough classical training. He studied at Manhattan's Institute of Musical Art. To earn a living, he took a job as a pianist in the First Little Show (1929), wrote Moanin' Low for Libby Holman. For Paramount Rainger and his lyricist Leo Robin wrote June in January, Love in Bloom and the songs Gladys Swarthout sang in Rose of the Rancho. When Paramount wants swing music, Mack Gordon and Harry Revel are set to work. Clowning at parties pleases them more. With little urging Gordon...