Word: debtors
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...five years scores of investigators for Congress, the RFC and the Department of Justice have hunted for skulduggery in the RFC's relations with its biggest ($86 million) railroad debtor, the Baltimore & Ohio. All of them found plenty of things to criticize, such as the RFC's agreement to swap collateral for less valuable security, its failure to nail down repayment terms, and the way ex-RFC officials grabbed off juicy B. & O. executive jobs. But none of them found anything on which to prosecute. Last week in Washington, a federal grand jury decided it had something...
...Debtor to Creditor. The German comeback could be measured in Bonn's own statistics. In 1948 the index of German industrial production stood at 56 (1936: 100); today it is 159. German exports increased about seven times in the past four years, and 75% in 1951. From being the biggest debtor in the European Payments Union (TIME, July 21), Germany has become its largest creditor, with a cumulative credit in September of $450 million...
...policy in Asia . . . We have failed to use our influence to the fullest to bring about unity in Western Europe . . . We have failed to achieve real unity of spirit with our allies. The truth is that . . . our relation with them has remained too much that irksome bond which binds debtor and creditor...
...bright brass and copper alloy used for its fittings, the schooner meant gold for Russia in another sense: it was the final payment of doughty Finland's $570 million reparations debt to Russia. Finland thus lived up to a reputation established as the only World War I debtor nation which punctually made its payments...
...already done with such other debtor companies as Lone Star Steel and Tennessee Central Railroad...