Word: borrowable
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Dates: during 1950-1959
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After filing his claim papers at Grand Junction, he put up his truck and trailers as collateral, to borrow enough from Grand Junction banks to buy a jeep and rent a bulldozer. Then he built a rough twelve-mile road into his property and started to mine uranium ore. He soon proved up 300,000 tons of uranium ore, one of the richest finds in the Colorado plateau...
...rich and famous at the bar in "21," the Pump Room, or kindred establishments in New York, Chicago and Miami. Until his wealthy wife divorced him, Big Julie always seemed to have plenty of money. But after the divorce, the story got around that Lack often had to borrow large amounts from friends...
This exposure to anti-capitalist propaganda did not stop Arbenz from piling up capitalist wealth for himself. As Arèvalo's Defense Minister, he could borrow and invest money from state banks, acquire businesses, land, and homes. Soon he was rich enough to invite Costa Rica's leading Communist to dinner at a luxurious villa and well enough briefed to discuss Marxist ideas with his guest. If Arbenz had been a widely traveled or broadly educated man, he might have been more skeptical, but in Guatemala there were actually rigid social stratifications and reactionary landlords, just...
...made before the days of high income taxes, and for the past ten years his immense gains have been more from the effects of inflation than from oil income. Clint was smart enough, around 1939, to recognize the signs of coming inflation and bought anything on which he could borrow most of the purchase price . . . His equities were spread thin, and the banks could have closed him out at any time up to about 1945 . . . Clint Murchison gambled extremely heavy on inflation, and won- more power...
...from nothing, sell out and take a capital gain. For these reasons Texas now has 1,884 insurance companies, more than all other states combined, and insurance is the state's second biggest business (after oil). Many of the promoters, for lack of a better corporate name, borrow a respected one from Britain: Lloyd's. In the last 16 months ten Texas insurance companies have gone broke; others are tottering. Last week, to nobody's great surprise, the Texas insurance mess was finally cracked wide open. District attorneys from four counties called for criminal prosecutions...