Word: lende
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...Washington Irving's tale, Tom Walker, Yankee miser, accidentally kicks up a skull in the woods and is admonished by a guardian devil named Old Scratch. His wife loses body and soul to Old Scratch, but wily Tom sells his soul only, and for hard cash. "Lend the money," the devil suggests, "at 2% a month." "Egad," replies Tom, "I'll charge...
...Interest. Shrewd, autocratic Walter Heller is the leader in a fast-growing type of commercial financing that only in recent years has become completely respectable. When banks lend money to firms, they do so on the basis of assets and good credit standing, a yardstick that often rules out loans to small or struggling businesses. Heller, on the other hand, does not bother himself about the borrower's credit, takes on firms with chronic management or financial ills as readily as sound companies that have fallen on hard times. Reason: he accepts a company's accounts receivable...
...Lend? "Heller's attitude was not "Why should we lend this man money?" but "How can we lend this man money?" Tough and opinionated in sizing, up a deal, Heller nonetheless pushed his company ahead by treating many a nervous corporation head as a person instead of a risk. He often turns down a borrower with a sharp "nonsense" before the businessman has even finished making his case. Yet he also startles businessmen by granting them huge loans over the telephone-and telling them to work out the details later...
...showed no Camp David openhandedness, demanded that trade be discussed along with the debt. U.S. Negotiator Charles E. Bohlen, longtime (1950-57) U.S. Ambassador to Moscow and now Special Assistant to Secretary of State Herter, patiently explained that trade bans were largely Congress' affair, and what about the lend-lease bill? Last week, his patience worn thin after four fruitless sessions, "Chip" Bohlen broke off the talks, marking the third U.S. failure since 1947 to get a pennies-on-the-dollar settlement of a bad debt...
...Colombia President Lleras Camargo, one of the hemisphere's most sober thinkers, believes that the U.S. should swallow hard and lend money for land reform across the hemisphere. "That is where the backwardness of our countries is," he says. "In the fields...