Word: solvent
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Dates: during 1930-1939
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...nitrocellulose process for making rayon was patented in 1884 by Count Hilaire de Chardonnet, who dissolved nitrocellulose in an organic solvent, forced the solution through fine holes, finally obtaining long fibres which were spun into threads (Tubize). The viscose process (treating cotton with caustic soda and carbon disulphide) was patented eight years later by two U. S. chemists. Later a third method (little used today) was found using copper hydroxide and ammonia, and still later came a fourth in which the final product is not cellulose but cellulose acetate. Viscose rayon leads in U. S. production; the costlier acetate rayon?...
...Since Depression, many a State Banking Board has stopped asking for reports of condition from state banks. New York's Board has not issued a call since late in 1932. But not until last week did the Federal Government officially presume to ask a solvent state bank for a report of condition. Then it requested information of deposits, loans, assets and liabilities as of June 30 from 7,567 state bank members of the Federal Deposit Insurance Corp. It sent out a similar request to Federal Reserve Bank members. When the reports come in, the Treasury will have information...
...National Bank of East Peoria to assume the insured deposit liabilities of the closed bank, receive new deposits, function temporarily. It will try to raise capital to reorganize the bank, return it to private management. If capital is not subscribed within two years, or if no merger with a solvent institution can be arranged, FDIC is authorized to place the new bank in voluntary liquidation, wind up its affairs. East Peoria, whose Caterpillar Tractor Co. foundry was last week closed down to prevent warfare between workers and strike pickets, has not suffered unduly from Depression. But once before...
...known hotelkeeper, followed his four hotels into receivership, filed a personal petition in bankruptcy in Federal Court. Last week Architect-Manager Marshall of the Drake did likewise. Hotelman Byfield still had his beauteous second wife, four children, salaries as hotel manager under the receivership and as president of a solvent subsidiary, College Inn Food Products Co. Hotelman Marshall had his gay pink house on Lake Michigan, his ship-cabin tap room, a handsome table that sinks through the floor and a Ming bed that holds seven people comfortably...
...direct loans program will go toward loosening the long-term capital market will depend on how liberally its administrators accept collateral. The bill stipulated that borrowers must be solvent and collateral adequate. All applications are to be submitted first to the Federal Reserve. If rejected there, they may be taken to RFC without prejudice. How liberal Jesse Jones, who has been yammering "Loosen up!" to bankers for months, will be may be guessed from the fact that one of his chief ambitions is to match the record of Eugene Meyer's War Finance Corp., which paid back...