Word: bankes
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Dates: during 1930-1939
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Interest on bank loans...
...Golden Gate Exposition instead of selling bonds collected $6,000,000 in "contributions" and the contributors have only an equity in any possible net profits. So the Exposition had as liabilities only its $4,900,000 of bank loans, debts to contractors etc., of which $686,000 has been paid off. The Fair has now in the till upwards of $1,500,000 (allocated to its creditors but not yet paid), leaving its net liabilities at approximately...
...Paris, where it has become routine to guard the nation's art against the menace of German guns, the doors of the Louvre were locked and workmen began stolidly to remove its treasures. Some were stored behind steel walls in the Bank of France; others were carted off to hiding places in the country. Rare books and manuscripts were spirited away from shelves of the National Library; the Chateau de Versailles and the Trianons, stripped of their furnishings, lay empty and bare. Cathedral cities heard the tattoo on wood as scaffoldings went up. From Chartres' Cathedral (one mile...
Three years ago Phoenix became interested in Loft, Inc., a $10,000,000 Manhattan candy-&-restaurant chain. It lent Loft some $600,000. It also dug into its strongbox for collateral on which Loft borrowed another $400,000 in bank loans, further backed up by Phoenix' endorsement. For such help in a crisis Phoenix got options on 300,000 shares of Loft at $1.50, on 200,000 shares additional at $2. But since Loft had lost money every year since 1934 this did not look like too promising an investment. Last year Loft stock got down...
...urchins with Left Bank literary tastes were in a great dither last week. Bang on top of promises of children's books from two super-highbrows, Spinster Gertrude Stein* and childless Thomas Stearns Eliot†, Expatriate Kay Boyle (three children), noted for her selfconsciously brilliant short stories, published her first fairy tale, The Youngest Camel...