Word: hisings
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Rushing In. Under the circumstances, why had RFC approved the loan? Senator Fulbright put RFChairman Hise on the stand to find out, but got little satisfaction. "I don't think I want to attempt to justify this particular loan," said Hise, slouching in his chair. "I have heard nothing to indicate it was a bad loan." Besides, he added, there was "no reason to hold up the disbursement." In fact, his staff lawyers thought it might be illegal for RFC not to go through with its loan commitment. RFC was firmly of the opinion that with more capital Texmass...
...review committee had bluntly reported that the loan would be "largely a bail-out of investors and certain creditors." Furthermore, out of RFC's five directors, the loan had been approved by a mere two-to-one vote (a fourth director was absent, while RFChairman Harley Hise abstained from voting because a distant cousin is married to a Texmass official...
Despite the whopping Kaiser debts to the U.S., RFC Chairman Harley Hise, a onetime California banker and minor Democratic politician, regarded the $44.4 million loans as "sound banking" action. Hise thought that there was "more than a reasonable chance that K-F can succeed...
...influenced, explained Harley Hise, by the dire alternatives for K-F if the money had been refused. Said he: K-F might have had to shut down, resulting in heavy unemployment. As it was, K-F last week had to lay off 5,000 workers anyway, while it tried to sell cars on hand. But Hise hoped that that was just a temporary situation and that "the loans will be repaid from earnings...
...better than my soule, I would be a coniurer, soke Veritas in ayre and earth. There was one faire Mayde, vertuous . . . Full many a lass was laid on the lippe. He say no more.--Ho, Miles, the capon. Bringe thy tabor and pipe, troll away, like a foole for Hise Maiestie!" They drank, and talked, and sang. The Vagabond remembers snatches of a ballad...