Word: thirdly
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Dates: during 1940-1940
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Immediate reason why one-third (by mileage) of all U. S. railroads are in receivership or reorganization is their mountain of fixed charges (annual bill: $600,000,000), their recurrent burden of maturities. ICC, which must approve all reorganization plans, has lately shown determination to slash bonded debt before letting railroads out of courts, has insisted that stockholders must have real equities or be wiped out in reorganization. Last week two old offenders against the rules of sound financing got typically drastic sentences when ICC proposed its own plans for their recapitalization...
...reputed price of $1,200,000, straitlaced, teetotaling, 83-year-old Asahel Nesmith Bush ("Asahel II") sold his bank last week to branch bankers from Portland. Third oldest State bank in the Pacific Northwest, Ladd & Bush was also the region's third biggest independent. On its books were $11,220,150 deposits, $508,093 surplus & undivided profits. Once forced to take a $250,000 RFC loan, the Bush Bank nevertheless earned an average $156,400 over the last five years...
...communal farm. Thousands of dollars went out the window when Resettlement Administration officials took to prefabricating concrete slabs for the houses, then couldn't find a way to join them. More was lost when they switched to casting cinder block, later found these could be bought for one-third the cost on the open market. Four years after the project was begun (1933) the first families finally moved in and the garment factory began to give work to about 60 needlemen...
...first novel, Europa, scarcely diminished it with Europa in Limbo. Robert Forsythe wrote of him, in New Masses: "I not only consider him the most brilliant writer in the English language today but by long odds the most learned and profound man of our time." Briffault's third novel, Fandango, is shorter and a little less pretentious than the others. In every other respect it is like them. Nominally the story of Beautiful Carlotta von Goerlitz and of what she sees in Spain on the eve of Civil War, in Vienna after Anschluss, in Paris as an exile...
Paul Johrde raced home first in the mile trailed by Logan in third place, while Jack Bonner and Truman Ford won the shot put and pole vault for the Crimson team...