Word: borrower
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Dates: during 1920-1929
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...Limitation of deductions from gross income for interest paid and for losses of a nonbusiness character to the amount that these items exceed tax exempt income. It was the practice of the very rich to borrow money and invest it in tax exempt securities; thus they could deduct the interest from their net taxable income and also get untaxable profits from their investments. This was made illegal by the Act of 1921. The law is still easily evaded, however, because it is possible for a man to invest his regular income and borrow for his living expenses and other purposes...
...second object is to establish a Loan Fund of $350,000 from which students may borrow, upon an interest basis, to pay their tuition which is higher than that of any other department of the University...
...Less extravagance on the part of local governments which now find it extremely easy to borrow on their tax-exempt securities...
Students newly enrolled in the University may register at the Delivery Desk on the Second Floor, by showing their Bursar's card. By registering a student secures the right to borrow books. Five books may be taken at a time for use in the Reading Room, but not more than three may be taken away for out-side...
...went into a bank to borrow money for the development of a newspaper enterprise, I would not say: ' I will pay what interest 1 please, I will give such security as I think best and I will repay when I feel like it.' If I did, I wouldn't get the money."?William Randolph Hearst, discoursing on the recognition of Mexico and on the problem of how Mexico is to borrow needed capital...