Word: solvent
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Dates: during 1930-1939
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...canneries, the profits to be distributed to the needy in cash and kind. Other jobless Mormons will be put to work on a church-building program, cost of which will be shared between localities and a national Mormon fund. This fund is to be swelled by contributions from solvent Mormons who will be expected to abstain from at least two meals on one Sunday each month (minimum estimated cost: 5? per meal). Mormons who have been slack about tithing 10% of income to their Church will be prodded into action...
...fact that Government bonds are tax free. With income taxes what they are, the net yield on Standard's bonds to a big corporate investor is only about 2.65%. What makes Standard's bonds so desirable is that there are relatively few bonds of big super-solvent industrial corporations on the market. Big institutional investors snap them up to keep their portfolios diversified...
...take money from his RFC. Bankers who really needed Government money were scared to take it because of the onus attached to RFC loans. Those in a sounder position could not find use even for the money they already had. Upshot was that Mr. Jones finally persuaded big super-solvent institutions to sell him notes or preferred stock as a patriotic gesture, thereby setting an example for smaller banks to follow. One of the first to do this was Chicago's First National, then headed by the late Melvin Alvah Traylor. Before he was through, RFChairman Jones injected...
Good Things. Under Mayor Hoan, Milwaukee has grown famed as a paragon of cities. Among cities of more than 500,000 population, only Baltimore has a lower per-capita cost of government, only St. Louis has a lower per-capita bonded indebtedness. Throughout Depression it has kept notably solvent, has not once defaulted on a payroll or interest payment. It has set up an amortization fund which at the present rate of growth will wipe out its entire bonded indebtedness by 1943, put all city operations on a cash basis...
...mercury destroys spirochetes more effectively than mercury injections. Reasoning by analogy, they ask pharmacologists to produce a potable bismuth like the drink Professor Hanzlik announced. In his potion, which 200 San Franciscans have found harmless, which 40 San Francisco syphilitics have found beneficial, the solution is sodium bismuthate; the solvent, a mixture of propylene glycol and a new substance called tri-iso-propanolamine...