Word: kaiser
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Dates: during 1940-1949
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...Horace Greeley in an interview with Brigham Young, in which Young first admitted to 15 wives (1859); Henry Stanley of the Tribune finding Dr. Livingstone (1872); the world's first airplane flight, reported exclusively by the Norfolk Virginian-Pilot (1903); the London Daily Telegraph revealing Kaiser Wilhelm's war plans in another exclusive, this time an interview (1908). these are the headline stories of their times, and they cannot but thrill the reader still, for with the dust blown off them they jump from yellowed pages like the four-alarm fires and gangland killings of today...
...headline in the New Orleans Item (circ. 97,226), The exclusive story, with a four-column picture, told of the marriage of a well-to-do New Orleans woman, 36-year-old Virginia Kirk, and 26-year-old Prince Otto Wilhelm Hohenzollern, described as "youngest son of the late Kaiser Wilhelm II of Germany" and heir to his abdicated throne...
When the new $44.4 million credit is drawn on, Henry Kaiser's various enterprises, according to his books, will owe the Government $186.6 million. He still owes $88.2 million on his Fontana, Calif, steel plant and $54 million on Permanente Metals, Willow Run and the Ironton (Utah) blast furnace. To date, Kaiser has paid off a total of $70.1 million on Government loans and credits, and he has paid another $41 million to the U.S. in rents and interest. Kaiser said he has also poured $108 million in earnings and private loans into improving and expanding his plants...
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...
Actually the terms to Kaiser are fairly stiff. For the $44.4 million, RFC required 1) a lien on all physical assets of K-F, 2) a guaranty for $15 million of the loan by two other Kaiser companies "who must also put up stock collateral having a market value of at least $10 million, and 3) a lien for $10 million of the loan on a fixed reserve of unsold autos...