Word: lend
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Dates: during 1930-1939
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Harassed by the same swelling costs and shrinking revenues which face most U. S. roads, the Erie last month petitioned RFC for a loan of $6,006,000. Last week- though RFC was on record as willing to lend money on any "reasonable" railroad request and though it agreed to lend $8.000,000 to the Baltimore & Ohio after only a week's thought (TIME, Jan. 10)- it refused to aid the Erie. While some Erie bonds broke as much as 16 points and its common stock fell from $6.25 to $3.25, the Erie thereupon defaulted on $1,849.000 interest...
...President George D. Brooke refused to discuss the matter: "If C. & 0. is unwilling to nurture its own child. I do not see why the Government should. It seems a funny thing to me that a railroad that paid $44,000.000 in dividends in 1937 cannot lend its subsidiary $2.500.000 that would be adequately secured. It looks like they want to milk the cow and turn it out when it stops giving milk...
...Barde & Sons of Seattle and Portland was engaged in the resale of Government steel left over from the War. According to their testimony, three years ago certain Anglo Bank stockholders, mostly members of the great French banking group Lazard Freres, discovered that Banker Fleishhacker had the Anglo Bank lend the Bardes $325,000 to finance the deal but had kept for himself some $300,000 other monies which the Bardes gave him after they had traded the steel...
...delight in using such a place as Harvard as a sounding board for the spread of their youthful ideas. But that is only half, or even less, of the picture. For when real intellectual prowess makes its appearance on the field the young and old of Harvard delight to lend ear. Blind enthusiasm cannot be substituted for thought, nor can real thought fail in the end to win its way through to the heart of Harvard...
Last spring 74-year-old William Randolph Hearst began to set his enormous affairs in order. One of the properties on which he wanted the public to lend him $35,500,000 was St. Donat's Castle in Wales, the Lord of San Simeon's European seigniory. Two months ago the registration statement by which Mr. Hearst sought the approval of the Securities & Exchange Commission for an issue of bonds to that amount was discreetly withdrawn. Recently, however, Publisher Hearst unburdened himself of four of his newspapers, and last week he succeeded in realizing a little something...