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Updated: June 18, 2025
For a good reputation as an issuing house takes years to build up, and is very easily shaken by any mistake, or even by any accident, which could not have been foreseen but yet brings a loan that it has handled into the list of doubtful payers. Mr. Brailsford, indeed, asserts that it may be to the advantage of bondholders to be faced by default on the part of their debtors.
He says Ward will keep harping on about those war bonds, and quarrelling because the soldiers got their pay in paper money and the bondholders in gold, until people will think every one in high places is a thief." "Oh, Ward's all right," answered John. "He's just talking; he likes an argument, I guess. He's kind of built that way."
Gunterson's friendly suggestion, the Birmingham Bessemer Steel Corporation was in the hands of a receiver, who, after some hesitation, issued a statement to the effect that the bondholders might eventually realize fifteen cents on every dollar they had paid in. On the second day of March an unusual thing happened. Mr.
This fact is made apparent when we consider that bondholders receive from the Treasury upon each dollar they own in Government securities 6 per cent in gold, which is nearly or quite equal to 9 per cent in currency; that the bonds are then converted into capital for the national banks, upon which those institutions issue their circulation, bearing 6 per cent interest; and that they are exempt from taxation by the Government and the States, and thereby enhanced 2 per cent in the hands of the holders.
We now pride ourselves upon having given freedom to 4,000,000 of the colored race; it will then be our shame that 40,000,000 of people, by their own toleration of usurpation and profligacy, have suffered themselves to become enslaved, and merely exchanged slave owners for new taskmasters in the shape of bondholders and taxgatherers.
While this Government is hopeful of an arrangement equitable to the British bondholders, it is naturally unable to view the question apart from its relation to the broad subject of financial stability in Central America, in which the policy of the United States does not permit it to escape a vital interest.
The Christian Herald, in one of its recent financial articles, clearly defines this species of bonds, as follows: "Railroad bonds are usually pledged by the President and Treasurer of the railroad and by the Trustees, to whom the bonds are made out, and who must defend the rights of bondholders, should the company fail to meet any of the obligations it undertook in the mortgage deed.
"Well, you write to him. Give him a sort of commission to see the English bondholders, and explain the situation. They will appreciate that half a loaf is better than no bread. What bothers me is the way the American bondholders take it. They kick." "Let 'em kick. The public don't care for a few soreheads and impracticables in an operation that is going to open up the whole Southwest.
The people of the West thought of the eastern bondholders as "fat bullionists" who dined at costly restaurants on terrapin and Burgundy and paid for their luxuries with bonds whose values were raised by a contracted currency. The third question relating to the greenbacks was that of the resumption of specie payments.
Hoover refused this, but did undertake to go to Europe on a contract with Chang to enlist the aid of the Belgian and British bondholders of the Company to protect the property. These men rescued and reorganized the Company, dispatched their own financial agents to China, and appointed Hoover chief engineer to superintend the real development of the great property.
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