Word: borrowers
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Dates: during 1930-1939
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Quietly but inflexibly Mr. Scullin retorted that his Government must have this money. He estimated that to make ends meet temporarily the Commonwealth will have to borrow another $150,000,000 in London. After that he hopes that Australia, by rigid economies and much hard work (Australians have the reputation among other white peoples of the British Empire of being "easy going," virtually loafers), will be able to pay her way. In general the Commonwealth Treasury's present deficit is due to much "advanced" legislation doggedly passed by the Laborites to pay unemployment doles and confer other benefits upon...
...more than 100 pages are devoted to flaying the German finance ministry for their chronic habit of loose, slipshod, extravagant budgeting. Last year for a short period, according to Mr. Gilbert, the German government was pledged to spend not only more than they had but more than they could borrow. Only if such methods are replaced by strict, scientific budgeting, he prophesied, will Germany be able to meet all her obligations...
...springbok. Hearses never reached cemeteries. Big employers like Illinois Sell Telephone. Western Union, Western Electric, hired whole floors in Loop (downtown) hotels to house their snow-bound workers. Motoring to the Illinois State Farm at Vandalia with five prisoners, two deputy sheriffs were engulfed by drifts, had to borrow money from one prisoner to carry the penal party through by rail...
...simultaneous announcement that the Business School tuition is to be raised from $500 to $600 a year and that the Loan Fund will be increased to allow students to borrow $900 instead of $750 for the two year curriculum is an indication that the Baker Foundation is aiming at an efficient solution to the problem of cost of education. It is also clear that the fundamental object of education in business administration differs widely from that of the cultural and professional education gained in other branches of the University...
...Frenchman's most venemous dig came when he said: "You tried to borrow $100,000,000 in November from J. P. Morgan & Co. France was able to stop that (TIME, Dec. 30). I have information that as soon as this conference is over you will turn for your $100,000,000 to Ivar Kreuger [famed tycoon-director of the Swedish Match Trust, lender of millions to many a hard-up government]." M. Tardieu finished with a flat declaration that France would not give Germany the benefits of the Young Plan unless the German Government promises not to issue bonds...