Word: funding
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Dates: during 1930-1939
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...France and Poland Franklin Roosevelt last week had three Ambassadors who were doing an unusually good job. And the other two were extraordinary foils to rough-&-ready Joe Kennedy. In Paris William Bullitt, onetime Philadelphia socialite, dilettante left-winger, champagne-gossip of Europe, consistent Hitler alarmist, has the greater fund of pre-War post-War knowledge, has long been the "closest" to Roosevelt. In Poland, ducking German bombs* was Anthony Joseph Drexel Biddle, another rich young (42) Philadelphian, who had turned serious diplomat...
...Standard Oil subsidiary at Bayonne, N. J. replaced all German-born hands on its tankers with U. S. seamen. Lieut,. Commander Allan Wurtele, U. S. N., retired, announced on his New Roads. La., sugar plantation that he was ready to contribute $5,000 to a fund to buy Danzig, the Polish Corridor, and give them to Adolf Hitler. "This offer may sound screwball," said Commander Wurtele...
...late great Storeman of Boston, Edward Albert Filene (William Filene's Sons Co.) set up the Twentieth Century Fund, for "the improvement of economic, industrial, civic and educational conditions." Three years ago that well-heeled foundation slipped the leashes of two able fact-finders, Paul W. Stewart and J. Frederick Dewhurst, told them to make some sense out of the U. S.'s distribution machinery. Result (published last week): Does Distribution Cost Too Much, a survey which, but for war, might last week have been the biggest news to U. S. business. Its prime conclusions...
...equally powerful party factions fought themselves into the ground, refused to compromise. Desperate leaders turned to the local version of Texas' Maury Maverick, Councilman William C. Reed, begged him to accept the nomination. On a strict "no strings" platform, Mr. Reed accepted tentatively, if a $25,000 campaign fund were raised without macing the utilities, gamblers, contractors, racketeers. Hampered by this restriction, leaders did not find enough funds. Mr. Reed withdrew promptly; filing-day came & went with no Democrats on the ticket...
...debt and to replenish his working capital Grover Whalen last week asked his bondholders to agree: 1) to waive their claim on $2,800,000 of gate receipts (first 40% of gate goes to bondholders); 2) to lend the Fair the $1,250,000 already paid into the sinking fund for the bonds. Meanwhile, the Fair prepared to go to the banks for an additional $750,000 loan. By week's end not quite half (51% necessary) of the bondholders, who have received, besides interest, only one 5% payment on principal, had agreed to the plan...