Word: parentes
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Security affiliates would have to be divorced from parent banks within three years. A bank's direct dealing in securities would be sharply limited. The Federal Reserve Board in Washington would take over the present activities of the Federal Reserve Bank of New York in the field of foreign finance...
...Under the personal direction of the late Mr. Kreuger entries were made on the books which on the one hand eliminated substantial balances shown to be owing the parent company by him and on the other hand entirely eliminated liabilities to other subsidiary companies...
...from power sales. Ice, gas, water, heat & transportation account for the rest. Its transmission lines total 45,187 mi., its ice plants can turn out 14,261 tons a day. The financial problems of Middle West Utilities were Mr. Insull's chief causes of worry last week. The parent company has bank loans of $21,900,000 while National Electric is $27,700,000 in debt to the banks. The parent company has a $10,000,000 note issue soon falling due which it cannot meet except with stock or new notes. Its Scranton Railway...
...House bill a rich man would do better to give his estate to his heirs before his death than to bequeath it to them afterwards. The gift tax climbs to 33½% on $10,000,000 or more. The estate tax runs up to 45% on the same amount. The parent who deeds his children $10,000,000 makes them pay the U. S. $2,312,125 as a gift tax, whereas the same man's heirs would have to pay an estate tax of $3,116,000. From these two tax increases $30,000,000 or less is expected...
...that probably the age of our universe does not differ very much from the age of the solar system, and that not very much more than 3000 million years have elapsed since the spiral nebulae, the stars, and the star-dust (the meteors) were born out of the original parent system, which we call chaos because we do not know much about...