Word: crediteer
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Dates: during 1930-1939
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...Roosevelt must be given credit for his shrewdness," said Comrade Litvinoff modestly. "He saw the futility of further struggle against us for the sake of Capitalism...
This celebration is to mark a silver anniversary, not of one great impresario but of a mammoth corporation, with $285,000,000 working capital, with 75 affiliated and subsidiary companies, with 350,000 stockholders, 125,000 employes. To the corporation and not to individual executives goes the credit of making one third of all the world's automobiles on its twenty-fifth birthday. A similar change has come over Ford. Henry Ford still rules Ford Motor Co. but he no longer is Ford Motor Co. He says "Yes" and "No," but Edsel Ford, Charles Sorensen, Peter Martin, William Cowling...
...York City find the executive wing of the government triumphant over the legislative in both city and national affairs. Mr. LaGuardia has demanded what amounts to dictatorial power over the finances of the city of New York, and it seems extremely likely that he will get it, for the credit of the city is in such a sad state that heroic measures must be resorted to in order to save...
...banks during the Depression. There was $8,400,000 supplied in exchange for slow or undesirable assets in member institutions; $3,595,000 supplied by Charles Stewart Mott, vice president of General Motors, to make up for defalcations in the Union Industrial Bank of Flint; $1,600,00 in credit lent by directors of the Group to carry distress loans of officers and employes; $3,384,000 paid by a group of stockholders to buy 18,800 shares of Group stock as relief for the Guardian Detroit Co.; $1,000,000 in cash and $5,000,000 in securities lent...
...electricity should be made than could be used. Last week the wand waved again and the President decreed that all the residents of the Tennessee Valley should have electrical gadgets to burn up the excess current. By executive order, he created the Electric Home & Farm Authority to provide cheap credit in the realm of the TVA for the sale of electric stoves, refrigerators, water heaters, irons, toasters, sewing machines, waffle irons, etc. Appliance makers have agreed to furnish a standard low price line which will be handled by regular dealers and the private utilities. Dealers and utilities will discount instalment...