Word: creditors
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Dates: during 1940-1949
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Finally, the American National Insurance Co. of Galveston, Hilton's biggest creditor, took over his hotels. But Hilton still kept a foot in the door; American National gave him an $18,000-a-year job running their hotels. Gradually he raised enough cash to get back five of his nine hotels. By 1939 things were going so well that he built the Albuquerque Hilton and was on the move again...
...meeting, which was sponsored by the Harvard U. N. Council, was told that India had become a creditor nation, and wanted no loans for the purchase of U. S. goods...
Mexico's Ramon Beteta said that the effort to lower tariffs for highly developed and undeveloped countries "is treating unequals with equality." He explained that great industrialized creditor nations should cut their tariffs and yet allow developing nations to impose protective restrictions...
Briefly slated, the chief area of disagreement in to what extent the many semi-socialistic, debtor nations, particularly the United Kingdom, are willing to relax their closely gripped trade reins and exchange concessions with the great creditor nation, the United States, devoted to a lively, but often capricious free-enterprise system. The first group of nations places a high level of employment and security from depression well before expansion or profits. As one London paper stated on the eve of the meetings, "These countries think that the first task is not to increase world trade but to make its flow...
...with a flair for oratory and big promises. He plumped for abolition of income taxes on wages of $3,000 a year or less; $20-a-month Government "dividends" for everybody; $60-a-month handouts for all unemployables 21 or over. Like any good Social Creditor, he berated banks, and for homey campaign purposes he gave his party a fine French-Canadian name: L'Union des Electeursc de Pontiac. He spent only $4,500 campaigning, but he wound up with about 11,000 votes - a few hundred more than the dumfounded Liberals, 4,000 more than the Conservatives...