Word: cash
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Dates: during 1930-1939
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...declared that rates of 8% to 12% demanded on mortgages in the past were "exorbitant." ¶ Brigadier General Frank T. Hines, Administrator of Veterans' Affairs, dropped in at the White House. As he emerged he intimated that the American Legion, which fortnight ago demanded immediate cash prepayment of the Bonus and remission of interest on all loans made against bonus certificates, might be satisfied with mere remission of interest which by 1945 will have eaten well into the promised principal. The trial balloon did not get far. Frank Belgrano, new commander of the Legion, promptly retorted that the Legion meant...
...when they allow their names to be used in advertisements. Since the debutantes' names are chiefly in demand they almost always get more. They are also allowed to buy the dresses they pose in at cost, a saving of at least 50%. For those too sensitive to accept cash, there are always handsome presents...
...that represented deposits held by Stock Clearing Corp. and because, like any big business, the Stock Exchange has bills payable, the equity of the 1,375 members amounted to only $27,500,000-$20,000 per seat. Its own land and buildings accounted for most of its assets. Cash was $2,000,000, Government bonds $800,000, deposits in closed banks...
...experiment was an attempt to broaden the market for HOLC bonds, now being issued at the rate of $200,000,000 per month in exchange for defaulted mortgages. Ultimately HOLC will also need at least $300,000,000 in cash. After a big HOLC issue (for cash) flopped last summer, the bankers were summoned, and a great selling drive started to convince small investors that the bonds were, if not as good as gold, at least as good as the Treasury's paper dollar...
Next day Italians welcomed U. S. Undersecretary of Agriculture Rexford Guy Tugwell to the 12th biennial general assembly in Rome of the International Institute of Agriculture, a fact-finding body founded under the patronage of King Vittorio Emanuele with cash supplied by an earnest U. S. donor, the late David Lubin. Brain Truster Tugwell, who tousled himself somewhat before the U. S. Senate's inquiry into his beliefs (TIME, April 23), sleeked himself into a faultless cutaway last week and, with a purple violet peeping from his buttonhole, addressed the Institute, which promptly elected him a vice president...