Word: debtors
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Newsboy was so penurious that he would dun a debtor for a few pennies, but his attachment to cash frequently led to his losing it. The cops sometimes found money in the secondhand cars that Newsboy kept stashed around the city-and invariably Newsboy had to disclaim ownership of the money to avoid explaining where it came from. Once he turned up at a hospital bleeding from stab wounds, and the police discovered $3,000 in his car. Said Newsboy: "I never saw it before." Again, he was picked up on the street near an auto that yielded...
...handing out presents-a car, a suit of clothes, a thousand dollars in cash-since the recipient would be under an obligation to do him future favors. Another notion was that when a debt gets big enough, the creditor acquires an interest in the survival and prosperity of the debtor. "If you get into anybody far enough," he often said, "you've got yourself a partner."* Estes got far enough into Commercial Solvents, a New York chemical manufacturer, which did become a sort of partner. It was this partnership that enabled Estes to get into big-time wheeling...
...mortgage had been a cause of long bitterness between the two men. Webster had luxurious tastes and lived beyond his means, and he had borrowed heavily from the independently wealthy Parkman. Parkman became furious with his debtor when he found that both he and another creditor had been given the same bill of sale as a security. He pursued Webster relentlessly and finally made an appointment to see the latter at his laboratory to collect the debt...
...Japanese had rebuilt their country so fast that they had been able to send $1.2 billion worth of investments overseas (including a Bank of Tokyo branch in Los Angeles), and had become a creditor instead of a debtor nation for the first time in history...
...still gravels Washington: in recent years the West German government has underwritten some $2 billion worth of West German sales to underdeveloped countries at terms so stiff-repayment in four years, 6% or more interest-that time and again the U.S. has been obliged to bail out the overcommitted debtor with a dollar loan...