Word: lent
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Dates: during 1930-1939
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More was soon known of the educator's finances. Three banks in New Orleans and Baton Rouge disclosed that they had just lent Dr. Smith $500,000 on notes signed by himself as president of L. S. U. The big brokerage house of Fenner & Beane in New Orleans had just asked him to withdraw $375,000 in L. S. U. bonds which he had posted as collateral for gambling in wheat futures. The State Attorney General announced that these notes were worthless and the bonds were unauthorized...
...years Josephine Roche and other officers lent money to the company to pay interest on its $3,971,000 bonded debt. Some five years ago Miss Roche stepped out of the presidency to become Assistant Secretary of the U. S. Treasury, turned over the job of running the company to able J. Paul Peabody. Last year, after his death, she returned to the job, later asked bondholders to take interest cuts in their R. M. F. 5s. They refused...
Some months ago the U. S. lent $25,000,000 to the Chinese Universal Trading Corp. to finance Chinese purchases in the U. S. Shortly afterward, Great Britain lent $25,000,000 to the Chinese to stabilize the Chinese dollar. With the Chinese treasury thus bolstered, the Japanese yen, whose value has been depreciated in the occupied areas for some time, actually sank below the value of the Chinese dollar. Moreover, the Japanese cannot get needed foreign exchange from China with which to buy planes, oil and scrap iron so long as deals on China's coastal soil...
...Masters exhibition at the San Francisco Exposition (TIME, March 6), it covered every major school of European art up to the French Revolution. It was remarkable also in that no less than 88 works were being shown publicly for the first time in the U. S. Lent by great foreign museums or private and inaccessible collections, these could not have been seen otherwise by nine-tenths of the visitors...
...tailored splendor, it tries to carry on the tradition. But the "Versailles gap" (1919-34), a period in which conscription was prohibited, has left the Germans weak in well-trained reserves, short on crack lieutenants and captains. The gap was not complete, however, because some German officer material was lent to train the Russian, Chinese, Bolivian armies. Young officers are being rushed through training schools, but no short course can make a well-grounded officer. Old Reichswehr sergeants, now lieutenants and captains, are good drill masters, but have more limitations than talents. By recently making officers of men from...