Word: borrowing
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Dates: during 1940-1949
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...past years the club has been forced to borrow the M.I.T. dinghys, which because the boats were not always available, limited its activities. The Yacht Club, although prospective funds from Alumni to pay for dinghys have always been available, has never had its own boats because of the high cost of a boathouse in which to keep them...
Loan offices had expected to do a land-office business. For the last month, Morris Plan Banks all over the U.S. had urged needy citizens to borrow money to pay their taxes...
...grim day dawned bright and balmy. When it had sunk into the gentle arms of night, there had been no riots, no suicides, no crackups. Taxpayers had thronged U.S. banks, but not to borrow; they had wanted tax experts and free notary services...
...biggest corporation bank credit in U.S. history-$100,000,000-was arranged by Chrysler Corp. last week. Chrysler can borrow the money any time within five years, must pay the 175 participating banks about 1¾% interest. If no loans are made, Chrysler pays a $500,000 commission anyway for the privilege of the deal...
...Chrysler is pretty sure to borrow. The company is huffing & puffing to boost munitions output to $1,750,000,000 annually, nearly three times average 1937-41 sales. As a starter, it spent at least $60,000,000 of its own cash last year for new plants, new machinery, more inventory. Consequently, its year-end cash was only $69,000,000-a four-year low, and a reason for Chrysler's recent dividend...