Word: lente
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...with J. P. Morgan & Co., his brokerage business apparently went from one financial crisis to another. In 1926 he was so hard-pressed for funds that he hypothecated the funds of his wife's trust fund for a firm loan, subsequently repaid it. In 1929 his brother lent him $500,000. In 1930, same year he became president of the Exchange, Richard Whitney began misusing securities of the New York Yacht Club. By 1931, Depression had nicked him so badly that he used his position as a director of the Corn Exchange Bank to get an unsecured loan from...
...last year to be held there on "indefinite loan." The lender, still anonymous, is not the only European collector who has recently found it expedient to store his art elsewhere. Last week the Pennsylvania Museum placed on exhibition some 50 late Renoirs never before seen in the U. S., lent for indefinite storage by rich, 34-year-old Philippe Gangnat of Paris...
...just as Planner Townsend was about to give himself into the hands of a U. S. Marshal to begin his term, word came that Franklin Roosevelt had lent a sympathetic ear to Senator McAdoo, had pardoned Planner Townsend. Apparently not in the least crestfallen at losing a month's privacy and martyrdom, Dr. Townsend said: "It is complete vindication and an act of contrition on the part of Congress...
Bradley & Murphy, Robert Young points to Cleveland rumors that they are minions of J. P. Morgan & Co. because Morgan's lent them sufficient money last summer to buy Cleveland's Higbee department store. To prove that "Guaranty Trust Co. has utilized, subverted and abused its fiduciary position as trustee," he claims C. & O.'s present management has shown its worth by its success, that his simplification plans would benefit Alleghany bondholders, that Guaranty's claim to impartiality was exploded when it rejected as possible "impartial" directors for Chesapeake such bigwigs proposed by Young as Pan American...
...confession was due from him. . . . He added that he was determined to meet the consequences. In 36 years of experience at the bar I had never heard such an astonishing statement. . . . There are other men without number who have sought legal advice to avoid or delay the law, have lent a willing ear to tactics or procrastination, have stooped to pleas denying mental or moral responsibility or have chosen the coward's course of flight from the country or from life. . . . Never once has he faltered. Never once has he asked consideration, much less mercy, for himself. With unbroken...