Word: borrowers
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Dates: during 1920-1929
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...Strachey brings it out in discussing Labor as a partner of industry; for, as demand is the raison d'être of wealth derived through the medium of Labor, it should govern Labor's attitude to employers, to strikes and to itself. In other words, to borrow Mr. Strachey's simile, if Labor wants a larger share of the cake, a larger cake must be made and a larger cake can only be made if there are enough people who want...
Three years ago the concern was forced to borrow $50,000,000 and in addition its President, Julius Rosenwald, made it a gift of $5,000,000 in common stock and financed it to the extent of $17,000,000. Dividends were at once passed. By 1923, however, the $50,000,000 in notes had been paid off, and current liabilities had decreased $14,400,000 as against a decrease in current assets of only $2,300,000. For last year, net sales were $198,422,946 against $166,514,110 in 1922; net income...
...Three years ago, as a result of the Cox campaign, the Committee became saddled with a debt of $240,000, in the form of three notes, held by Washington and New York banks. The only way the committee could raise this money was to borrow it. The indorsers of the notes include the following: "A. Mitchell Palmer, of Pennsylvania...
...result which the reader of these annual homilies upon business deduces is that while 1924 should be prosperous, still we must not expect a boom or borrow too heavily at the bank...
...direct cost of $250,000,000 a year for the first four years of the bonus and the average of $211,000,000 per year for the first 20 years the enormous indirect cost to the Government. The bill gives the right in the first three years to borrow from the banks of the country and that this right would be exercised by the great majority of the certificate holders none denies. The consequent demand for credit would raise the interest rates which the Government as well as the general public will have to pay on borrowed money...