Word: lend
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Since last July a hot financial argument has been waged between U. S. bankers and RFC Chairman Jesse Jones. Mr. Jones demanded the bankers lend more freely to promote recovery. The bankers retorted that they would gladly lend but most would-be borrowers wanted medium or long-term capital advances, such as commercial bankers should not make. Last week President Roosevelt began to see the bankers' point. To his study he called Governor Black of the Federal Reserve, Secretary Morgenthau of the Treasury. With them he discussed the wisdom of setting up intermediate credit banks to lend to industry...
...putting forth his own suggestions, Professor Sprague is entitled to more attention. The two things required to stimulate trade, he says, are that the banks should be in a secure enough position to lend and that there should arise a sufficient demand from borrowers. Barring an extensive program of public works, this is true. He goes on to point out that one of the chief reasons for the failure of demand for industrial loans is that potential consumer demand has been stifled by unreasonably high prices, as for steel and building materials. His complaint here, and it is a very...
...hostilities. After one flying visit to Moscow William Christian Bullitt, President Roosevelt's new Ambassador, returned to the U. S. last month under the definite impression that a Russo-Japanese war was in the making. He felt it his duty to warn U. S. businessmen not to lend Russia too much money because of the danger that she may find herself unable simultaneously to fight and pay interest...
With these and other safeguards it is felt that small businesses will be encouraged to borrow and banks will be persuaded to lend, thus ending the statement on intermediate credit which has been retarding reemployment of millions of workers for the last three years, even when spurts of good business have, appeared...
...Havana. Mr. Welles had evidently told his White House friend that the danger of a Negro uprising and race-war in depression-ridden Cuba is real. If it can be bought off with $10,000,000 worth of dollar diplomacy the price seemed cheap to Washington. Having refused to lend a cent to feed hungry, rebellious Cubans until President Mendieta had been maneuvered in, President Roosevelt was credited throughout Latin America this week with a masterly piece of "invisible intervention...