Word: lien
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...Hyde put the nation on notice that all purchasers of produce on which farmers have borrowed from the Government are individually liable for payment of the debt. Buyers must pay the loan direct to Secretary Hyde before the farmer gets a cent for his crop. The Government's first lien means that the producer who has borrowed will get at present price levels, little or no cash on his sale...
...approved an R. F. C. loan of $3,390,000, enough to enable the Frisco to meet its July 1 charges. The essence of Chairman Brown's plan is that some of Frisco's big creditors are to extend it an interest moratorium on the prior lien and consolidated bonds. The difficulty of working out this simple idea lay in making the terms of the moratorium fair to the many different classes of creditors, most of whom must make special sacrifices. For the next five years Frisco's fixed charges will be about $3,500,000 against the old rate...
...unprofessional fame. A manufacturer of patent medicines offered him, it was said, $1,000.000 for his "formula." That "bribe" Henry Spahlinger disdained, spent his entire fortune of some $500,000 on perfecting his remedy. It was then that the Aga Khan, the Duke of Westminster and others placed their lien, now canceled, on the formula of manufacture. Henry Spahlinger thus had money to live on and to prosecute his research. Heart of the Spahlinger bacteriological technique is his theory that germs must be bred in cultures which duplicate to fine detail the living conditions they find in their natural hosts...
...cost of $2,250,000,000, brought the total U. S. mileage to over 760,000. Well aware of this expanding territory, and of the replacement figures beckoning the industry, Alfred Pritchard Sloan Jr., General Motors president, had courage to prophesy guardedly: "We know we have the first lien on the purchaser's budget; that the motor car is the last thing that the individual gives up. . . . The new offerings this year unquestionably represent greater .value than ever before. . . . My own belief ... is that we will enjoy a somewhat better year than...
...oldtime coach once owned and driven by Horace ("Go West, Young Man") Greeley was put up for sale at Las Animas, Col., to liquidate a ware-houseman's lien...