Word: borrowers
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Dates: during 1930-1939
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...tobacco, chewing gum and picture shows of which Corporal G. F. Baker speaks in his letter "Raw Deal" (TIME, June 26), but ours doesn't. It is true, however, that our laundry is done at no cost to us. Any time we're free to we can borrow a bucket, heat some water in it over an open fire, and wash our clothes...
...Jewish English and even thicker French he bargained with statesmen of at least eight nations, closed a thumping deal with Professor Raymond Moley. The professor's wallet seemed to contain last week chiefly U. S. $20 bills. Short of English money, he once or twice was seen to borrow taxi fare. In his talks with Comrade Litvinov recognition by the U. S. of the Soviet Union was undoubtedly mentioned but the soft opening wedge was a great wad of cotton. Discreetly the Moley-Litvinov meeting of minds was announced not in London but at Washington...
...House passed a $3,459,480,908 deficiency appropriation bill-largest in U. S. peacetime history.* Loud were the Republican yells that this monster appropriation hopelessly unbalanced the budget. So it would have if President Roosevelt had met it out of ordinary treasury receipts. But he is to borrow the $3,300,000,000 from the U. S. public and put it aside in a special emergency budget. Though such borrowing may pile up the Public Debt to an all-time high, the regular budget will be unaffected. Many a financial commentator considered this a deceptive if not dishonest form...
...share (although the market price was only $70-$80 the value of such a large block made it worth while). Most of the cash was put up by the Nickel Plate; the rest was obtained by having the Vaness Co. (then the Van Sweringens' private holding company) borrow the money on its securities. From then on this was the system they followed: they borrowed to buy control of a railroad, then with its profits and money borrowed on the growing value of their security holdings bought another, again and again...
...offer on ethical grounds was Board Chairman Edward Grant Buckland of New York, New Haven & Hartford R. R. Partner Whitney made a spirited defense of his firm's practice on the ground that its beneficiaries were willing and financially able to risk possible losses, did not have to borrow to buy, were not likely to dump their holdings for a quick profit and thus unsettle the market...