Word: optionals
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...also, and the courses used to pass them are of high standard. But it has occurred to many that perhaps in these times of changing economic practices a survey course in economics, differing from that given as the primary one for concentrators in the subject, would make an excellent option for history or government. Although the history aspect would not be gained as well from a course of this sort, the knowledge, while even slight of our present setup and of other types of economic arrangements would be of inestimable value to the many today who have no knowledge...
...quoted statement. Briefly, at a time last year when banking facilities were disturbed quite generally . . . a private purchaser, in no way associated with this Company, its officers or directors, presented a proposition for immediate action for the purchase of a certain number of common shares of this Company with option on a number of further shares. . . . The Company, having authorized but not qualified shares available to meet these propositions, accepted the offer of certain of its large stock-holders to loan it the required number of shares, which were to be returned within eleven months from loan without any charge...
...Last week three onetime Fierce-Arrow executives made news. It was revealed that Robert Henry ("Roy-') Faulkner, onetime vice president in charge of sales, had received an option on 5,000 shares of Auburn stock when he became Auburn's president (TIME, Sept. 3). Advertising Director William M. Baldwin and Assistant General Sales Manager Kenneth Strachan opened their own advertising firm-Baldwin & Strachan-in Buffalo...
...last year when the listing of additional Truscon stock on the New York Stock Exchange revealed a new wrinkle in corporate financing. Pressed for funds to meet a bank loan, the company sold 65,000 shares of stock it did not own, partly in the open market, partly by option. The stock was borrowed from President Kahn and other big shareholders. After the stock was sold, the company issued new stock to Mr. Kahn & friends. What Truscon did, in effect, was to sell short, but instead of buying back the stock as every other market operator must eventually...
...creditors refuse to compromise on this method, the farmer would continue in possession of his farm, pay a "reasonable" rent and at the end of six years have the option of repurchasing his, farm at an appraised value approved by the courts...