Word: borrows
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Dates: during 1930-1939
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...created the New York State Housing Board, chairmanned by Brooklyn's Darwin Rush James. Under its control private corporations were set up to: i) Build model apartments renting for $11 per room per month ($12.50 in congested Manhattan); 2) borrow 663% of their cost on mortgage bonds; 3) pay 5% or less on their borrowings; 4) restrict dividends to 6%; 5) apply surplus to reduce rentals. Since 1927 eleven housing projects around New York City have been completed under the Board, representing 1,918 apartments costing $10,161.074. Four of them were co-operative undertakings by the Amalgamated Clothing...
...Mother Methodist Episcopal Church went to her cupboard last week to pay her bishops, retired bishops and widows their salaries and pensions. The cupboard was considerably depleted-by 43%. The Church used to borrow money, when necessary, to pay its widows ($1,500 annually), retired bishops ($2,500) and active bishops ($6,000 plus allowance for secretaries and rent). Under a "pay-as-you-go" plan adopted at the General Conference last May, remittances now depend upon the amount of money in the treasury. The treasury is not likely to be chockfull, unless Methodist laymen fill it, before local conferences...
...Camden, N. J., Merchant William E., Cross lost $75, advertised his loss, received the following unsigned letter from an unemployed man: "I have found your money, but I expect to keep it until I get a break. ... I am going to borrow the money until I get back to work again, then I will repay you with interest...
...Uncle To Borrow Millions...
Every navigator loves his sextant. He bought it when he was still at school, paid perhaps $100 for it. When he is signed on a new ship, it is assumed he will bring his own sextant; it is bad nautical manners to borrow another man's. It may be more or less ornate but it is much the same as the sextant that John Hadley invented in 1731.* Every noon at sea he goes up on the bridge and measures the angle the sun and the horizon make in the instrument, which gives him by logarithmic formula his position. When...