Word: borrowers
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Dates: during 1930-1939
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Meanwhile the Rumanian National Bank, quietly, with no headlines, signed an agreement with the Bank of France, Rumania's protector, to borrow $11,700,000 to help strengthen Rumania's gold coverage...
Port Authorities are new phenomena in U. S. governmental administration. They enable contiguous States to cooperate on undertakings which benefit both. Such Authorities are in effect corporations. Like governmental bodies and private corporations they may borrow money and sell bonds for their projects. For construction of the George Washington Memorial Bridge the Port of New York Authority borrowed $10,000,000 from the treasuries of New Jersey and New York State, and sold $50,000,000 in bonds to the public. The $60,000,000 will be repaid with interest by 1950. Tolls will make up the funds...
...student body. Its second debt is to the nourishing background of information and ideas which may intellectualize its efforts towards sanity. Its liberalism consists in the evaluation of first principles behind collegiate structure whether it be athletic, academic, or social. As for criticism of affairs outside of college to borrow a motto from a more conservative colleague: Dulce est periculum. If there is any sustaining editorial faith it must be a faith in the natural death of fools. If the liberalism is not foolish, sensitiveness on the part of the attacked will inevitably betray that the critical shaft has struck...
...might be poor management to allow further depletion of working capital. As soon as business picks up vast sums of money will be needed to improve plants, to purchase and move raw materials. Un less working capital were kept up there would be the need of further borrowing which would be a burden on future operations. When the turn comes, any company, unable to borrow at once, would find its competitive position weakened. Thus, while wage-cutting seems on the surface merely to decrease Steel's employes' earning power, its real reason is to safeguard ultimate earning power...
Record Mortgage. Last week Manhattan's Radio City interests arranged to borrow $65,000,000 from Metropolitan Life Insurance Co. through a series of 5% mortgage bonds, all of which will have been retired by 1950. The deal was the biggest mortgage ever placed with one investor, far exceeding the previous record-a $27,500,000 first mortgage on Empire State Building which was also taken up by Metropolitan...