Word: discount
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Dates: during 1930-1939
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Nearing 70, John R. Mott is tall, clear-eyed, square-faced, husky, a deliberate, disciplined worker, a restrained speaker. Though Biographer Mathews attempts to discount it, Dr. Mott is not famed for wit or humor. His great power is his ability to make his facts march into battle and win, to whip up men to enthusiasm, to pick able associates and subordinates. Biographer Mathews estimates Dr. Mott has raised $300,000,000 for his causes. Though given to car and seasickness, he has traveled 1,700,000 mi., the equivalent of 68 times around the world. Woodrow Wilson wanted...
...allies. Decidedly slick was a move proposed in Belgium and favorably discussed among members of the Chamber. While the dollar is cheap and the belga is dear, proposed Deputy Marquet, let the Government borrow enough belgas to pay off Belgian debts in the U. S. at the present attractive discount. Later, if the belga is devalued, the Belgian Government will merely find it that much easier to repay the people from whom it borrowed...
...when Jacobus Roosevelt opened his Manhattan hardware store in 1797. The hardware business flourished despite the yellow fever that plagued the city the following year and Jacobus Roosevelt took his son Cornelius into partnership. In the course of business Roosevelt & Son found it expedient to discount its customers' notes. Before long it began discounting notes of other hardware merchants. By 1824 the prospering Roosevelts were able to take a hand in founding the Chemical Bank (now Manhattan's potent Chemical Bank & Trust Co.). By 1845 a biographer, rating the Roosevelt fortune at the then fat figure...
...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 paper with the EH-&-FA. The RFC will then guarantee the paper up to $10,000,000 and EH-&-FA will rediscount it with local banks. At the White House it was labeled an experiment, but Government officials declared that "the next step will be to try to persuade...
...example: if loan is $100, discount will be $8; over a year; 50 separate payments...