Word: borrowing
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Shortage of Engines. It could not have happened at a worse time, because the company was about to borrow $75 million, through an offering of convertible debentures, to help finance the production and sale of its growing volume of planes. With the falling stock prices creating the prospect of unfavorable terms for the debentures, a group of underwriters led by Merrill Lynch, Pierce, Fenner & Smith last week postponed the issue from this week to next...
...doing more for Harlem than the other, white-owned, banks. Hudgins claims that the bank makes long-term loans to Negroes which they cannot obtain from white banks. In practice, the degree and nature of such discrimination is difficult to measure, since many Negroes who would like to borrow have low incomes--median Negro income in New York City is a little more than half that of median white income--and cannot hope to measure up to the established credit standards for long-term, low-cost loans. Hudgins firmly believes that discrimination on all loaning for large amounts or long...
...money and was turned down by at least one bank on his loan application. In an effort to raise funds for the big deal, he started looking for a buyer for the Chronicle. With a signed contract to sell the paper, so the story went, he could easily borrow the cash he needed to pay off the Endowment...
...Clavell may have been only clearing his throat for this one, which seems every bit as long as it is. Its narrative pace is numbing, its style is deafening, its language penny dreadful. All the characters whirl like dervishes, especially Dirk Struan, a kind of Scottish superman who can borrow $5,000,000 in silver ingots from an Oriental tycoon, invent binoculars, and corner the world supply of cinchona bark, all without breathing very hard. Well, almost. His Scots accent wavers a bit under stress: "Damned if he'll get away with it, Will...
...doing more for Harlem than the other, white-owned, banks. Hudgins claims that the bank makes long-term loans to Negroes which they cannot obtain from white banks. In practice, the degree and nature of such discrimination is difficult to measure, since many Negroes who would like to borrow have low incomes--median Negro income in New York City is a little more than half that of median white income--and cannot hope to measure up to the established credit standards for long-term, low-cost loans. Hudgins firmly believes that discrimination on all loaning for large amounts or long...