Word: loan
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Dates: during 1920-1929
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...many a year, but after E. H. Harriman purchased it from T. D. Blackstone it grew more mortgages than it could carry. In 1889 it acquired a $45,000,000 mortgage, on which it has steadily paid interest. In 1900 came a $22,000,000 mortgage, held by Farmers Loan & Trust Co., Manhattan, and in 1912 an $18,000,000 mortgage held by United States Mortgage & Trust Co., Manhattan. No interest was paid on the $22,000,000 mortgage after the receivership of 1922 and no interest was paid by the $18,000,000 mortgage at any time. The Federal...
Miss Sutter, now 35, was once a Pennsylvania school teacher.* She entered the Prohibition Bureau in 1922 when Roy Asa Haynes, a "loan" from the Anti-Saloon League, was its director. Mr. Haynes. zealot, yearned to-"sell" Prohibition to the country by direct advertising, by special school courses. Miss Sutter shared his ardor but it was not until this year that Congress supplied wherewithal for the experiment. She had prepared a mass of Dry material which she was to take to the National Education Association's meeting last week in Atlanta when, a little prematurely, she revealed her purpose...
They sent loan exhibitions through the U. S. to museums, public schools, libraries, prisons and to major South American cities. They established a Roerich Museum in Manhattan to hold as many of his paintings as they could get. The museum now has 750 Roerichs; European galleries and individuals own some 2,500. They sent him to Central Asia. While he was away they financed and recently started for him a 24-story Master Building in Manhattan, looking across the Hudson River at the factories of New Jersey. That dank, uncompleted Master Building was where the Roerich acolytes received...
...storage pending better prices. In the past such large-scale grain corporations on private capital and under private control have failed. It remains to be seen whether federal cash and supervision can make them successful. Critics of the new farm relief legislation predict that the Federal Farm Board will loan large sums to such corporations which in turn will buy in surplus commodities on a falling price market, be forced to sell them at a still lower price and, in the end, completely exhaust the board's capital...
...prepared to pay a higher interest rate- 5⅛% - than at any time in the last eight years. For the first time in an even longer period the Treasury's quarterly financing interest rate was above the Federal Reserve bank rediscount rate (5%). A year ago a similar loan was put out by the U. S. at 3⅞% whereas in 1924 the Government was able to procure money in the public market at 2¾%. The highest "war" rate was 6%. This issue of Treasury certificates, dated June 15. was smaller than the actual needs...