Word: borrows
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Dates: during 1930-1939
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Twelve years ago Hood was a clientless architect in Manhattan, married and $10,000 in debt. News came that a design he had drawn for the $7,000,000 Chicago Tribune Tower had won its $50,000 competition prize. He had to borrow to buy an overcoat to travel to Chicago and collect his money. Because he had submitted his design from the office of John Mead Howells he had to turn $40,000 of his prize over to that New York architect. Soon he had all the commissions he wanted. A strident exponent of functionalism, a reckless experimenter...
...major difference between silver purchases and other Government outlays is that the Government has to borrow or collect taxes to pay for other expenditures. ]It pays for the silver without drawing on the Treasury, simply by printing silver certificates. Under the Silver Purchase Act the Treasury must issue silver certificates to pay for the actual cost of silver it acquires, but it may issue silver certificates for the full "monetary value" of all silver purchased. Example: If the Treasury buys 100 oz. of silver at 50¢ an oz. it must issue $50 worth of silver certificates, but since...
...Major Rowlandson made a last effort to pay off his creditors. He went to his solicitor, James Collins, tried again without success to borrow money on an invention for cutting steel...
...govern RFC loans to industry under the new law, which authorizes total RFC loans of $300,000,000, Federal Reserve Bank loans of $280,000,000. The law stipulates that adequate security must be put up, that no loans may be made to a company if it can borrow from commercial banks. Chair-man Jones's regulations were even more stringent: 1) Loans will be made primarily to supply working capital as opposed to fixed capital, but may not be used for large scale expansion or to finance exports or imports. 2) As long as any part...
...first Republican National Convention, but Mr. Earle was early on the Roosevelt Bandwagon. For his campaign efforts the President made him Minister to Austria, a post he resigned last March to run for Governor of Pennsylvania. Last week he promised, if elected, to "go to Washington and borrow the well-known Roosevelt big stick" and crush "invisible government by lobbies" at Harrisburg. Mr. Earle's chief Democratic opponent is Charles D. Copeland, a Westmoreland County Judge. The Philadelphia Record, party organ in Eastern Pennsylvania, has damned Candidate Copeland as an anti-Rooseveltman and "Mellon's messenger...