Word: lende
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...Tape Cut. "War production requirements have been financed. The four Chinese Government banks have contracted to lend ten billions [$550,000,000] . . . to the Chinese War Production Board to finance essential production. The urgent need for additional working capital in many Chinese industries also made it necessary that China's Government banks reduce interest rates for war production to a point where management would once more find it possible to borrow capital and borrow it quickly. With the approval of the Generalissimo, I put the issue before the newly appointed Minister of Finance and participated in negotiating among...
...result the boys wanted: Franklin Roosevelt was nominated and elected. Immediately after election, the President took Hopkins along on a Caribbean cruise. The U.S. had already helped Britain?notably by the destroyer deal. But the outlines of bigger and bolder help were in the wind. Lend-Lease was mapped out before Franklin Roosevelt got back to Washington. He had also decided to send Hopkins to London...
...weeks in England, two-thirds of the time as Winston Churchill's guest. While he was planning aid-to-Britain in the quiet recesses of Chequers, Wendell Willkie arrived to acquaint himself (and the U.S. public) with the plight of the British. When Hopkins returned to the U.S., the Lend-Lease Act was ready for passage, and he was made administrator. The constant tone of his cables had been: Britain will hold...
...morning, some months later, when Germany invaded Russia, Hopkins was telephoning Government lawyers to see if Russia could be included under Lend-Lease. The consensus was that she could. Six weeks later, when Franklin Roosevelt found out that no shipment of munitions had yet been sent, Harry Hopkins was in England arranging the Atlantic Charter conference. He got a cable ordering him forthwith to Moscow. Two days later he was closeted alone with Stalin in the Kremlin...
Meanwhile, President-elect Arévalo, a realist, had sent a mission to Washington in search of the Lend-Lease arms reported to have been promised to his predecessor. Dictator Federico Ponce. The mission, which traveled by plane, was surrounded by as many cloud banks of secrecy as a Big Three meeting. Some members swooped out of the clouds long enough to be recognized in Chicago. Others, supposed to be in Washington, had gone officially underground...