Word: transferability
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...Save only the World War, there has been no such momentous thing before the world in 6,000 years. This amendment may transfer from one class to another almost $200,000,000,000. It will be transferred from those who have bank deposits and those who hold bonds. They did not earn that $200,000,000,000 and it must be transferred back to the debtor class...
...port improvements. Such Authorities may issue bonds. The Planetarium Authority would pledge its bonds to Reconstruction Finance Corp. for the money needed to buy a planetarium projection device (price $110,000) from Carl Zeiss Inc. of Jena and put up the necessary building. The City of New York would transfer the land temporarily. Thus neither the City nor the Museum need impair its own credit. Admission fees ($50,000 or $100,000 yearly) would pay off the R. F. C. loan...
...banks again open and off his mind for the moment, President Roosevelt drove the rest of his legislative program ahead at top speed last week. While eating a tray luncheon in his office he signed his $500,000,000 Economy Bill. His pen & ink thereby marked an historic transfer of fiscal power from the Congress to the Presidency. Heretofore Congress has appropriated specific sums to be spent as ordered on veterans and Federal employes. Under the new law Congress authorizes a lump sum expenditure, leaves it for the President to spend within certain broad bounds...
...particular ways in which the Bank came to be in such unsound condition that it had to be closed in 1930 were devious and complicated. The major "misapplication" of funds was the transfer of debt from the Bank of the United States to other companies personally controlled by Marcus and Singer. This was done largely through a huge loan, eight millions in excess of the legal limit, and through the sale to these affiliates of a block of stock at almost twice its book-value. For the sake of simplicity, only these operations were brought up by the investigators, though...
During the 1907 panic U. S. banks issued $238,000,000 scrip. In New York City it passed as currency for five months, despite its illegality. The great trouble with scrip is the difficulty of transfer from one clearing house district to another between which there is no agreement of confidence. One district's scrip might be at a discount in another district. The Federal Reserve is counted on to facilitate interstate as well as interdistrict exchange but at best scrip is expected to be only a local and temporary relief during the currency shortage...