Word: investments
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Dates: during 1920-1929
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...I.ast week Mr. Raskob announced his idea for a giant investment trust for small-capital men. Theory: Let a workman take, for example, $200 to the proposed trust. For $200 he would be allowed to buy $500 worth of stock, borrowing the other $300 from a bank or subsidiary company, with his stock as collateral. He would then repay the $300 at the rate of $25 a month. Thus might small-capital men, instead of spending on the installment plan for radios, motors, refrigerators, invest in installments in sound "rich-men's" securities...
...business was in a bad way. In 1928 the gross income of International was 54% from power, 25% from paper, 21% from miscellaneous sources. The company was not getting its lion's share of what newsprint business there was. In order to sell its output, International decided to invest in newspapers, to "buy a market." A case in point: in 1927 International had supplied one-third of the newsprint for the Herald and Traveler, in 1928 one-sixth. The outlook for 1929 was dubious. By purchasing stock in the two newspapers. International got their whole newsprint order. Mr. Graustein...
...President Hoover acknowledged this, adding earnestly: "I put the question, however, whether flippance is a useful or even legitimate device in such discussion. ... Its effect is as misleading and distorting of public conscience as direct misrepresentation." U. S. newspapers make crime romantic, glamorous. President Hoover suggested that they might "invest with a little more romance and heroism those thousands of our officers who are endeavoring to enforce the law. . . ." He also added, before taking train back to Washington: "I have no criticism to make of the American Press. I admire its independence and courage." ¶ Struggling into his winter overcoat...
...gone. In its place was an engine that sometimes worked. Mr. Buick advertised in Detroit papers. He wanted a partner with capital. Among replies to the advertisement came a letter from one J. H. Whiting, Flint, Mich., banker and carriage maker. Mr. Whiting was willing to invest in the Buick automobile, provided that Mr. Buick could demonstrate the soundness of his invention by driving it from Detroit to Flint. The first Buick started out from Detroit under its own power, but was dragged back by a team of horses. It had broken down in Pontiac. Undiscouraged, Mr. Buick started...
...talking pictures we have had a striking example of how a new invention may change the course of the entire industry. Whether or not can as yet tell, and in the meantime, the public wants the 'talkie' no one producers face the problem of whether or not to invest in the equipment necessary for producing such pictures, and owners of theatres must decide about investing in the expensive machines needed to present them...