Word: settlements
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...discovered that there were only two possible ports on the western side of Hudson Bay: Port Nelson, at the mouth of the tidal Nelson River, and Fort Churchill, at the emptying of Churchill River into an indentation known as Button Bay. The nearest railway ended at the remote settlement known as The Pas, about 500 miles away from both harbors in Manitoba...
...industrial radical who brought the United Mine Workers of America back into Colorado. Her father founded Rocky Mountain Fuel. His big customers were sugar beet factories. Miss Josephine was sent to Vassar (1908), did postgraduate work at Columbia, developed a consuming interest in progressive social causes. She did volunteer settlement work, researched the cost of living, helped locally with Belgian relief, returned to Denver to serve as chief probation officer of the Juvenile Court under Judge Benjamin Barr Lindsey (since ousted). For her liberal views her father had scant sympathy. He used to mock her efforts to reform Industry...
Accounts are settled fortnightly in London, in contrast to New York's daily clearance and settlement by 2:15 of the following day. Purchasers may buy a stock on the account's opening day, advance no money until settlement time. However, during this period they must pay an interest rate or "contango." Contango is in general based on prevailing rates, but stocks with a large bull account command a higher contango, very speculative shares cannot be contangoed at all. There is no contango when a large bear interest exists but bears must pay a premium known in London...
Quickly reporters began calling this assemblage the Wiggin Committee. What the Wiggin Committee was supposed to be doing was investigating, under the auspices of the Bank for International Settlement, 1) Germany's credit needs and 2) the likelihood of changing Germany's present short-term credits into long-term ones. On the first point, the Committee approached agreement that what Germany needed was renewal for six months of 5,000,000,000 marks ($1,187,500,000) which she already owed her creditor nations. It was soon seen that there was little likelihood of the committee doing much...
Last week the long-tangled affairs of the late Bank of United States moved eleven bulky volumes closer to a settlement. The volumes were promulgated by New York State Superintendent of Banks Joseph A. Broderick, who stated therein which of the many creditors' claims against the bank he allowed and which he did not. Of a total $254,639,733.26 of claims and other accounts payable, only $131,002,495.16 were allowed. Bulk of the rejected category, however, consisted in $102,000,000 claims against the bank by the receiver for its three bankrupt affiliates. Superintendent Broderick plans...