Word: loan
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Dates: during 1920-1929
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...finance the submarine trip (officials of the Simon Lake Submarine Works at Bridgeport, Conn., last week, offered to loan him their old but sturdy Defender) he hopes to make the trip next July, and return to fly in Antarctica next October...
...director. Last week it reported on its first four months of corporate life. Scanners of its balance sheet were somewhat puzzled to account for the ten million dollar estimate of size. The company had $186,000 cash on hand and in banks, $350,000 in the call loan market, some $78,000 in fixed assets. Of its $9,509,866.44 total assets, no less than $8,892,604.89 consisted of book value of patents and patent rights...
...Mitchell is also strongwilled. Last week he halted a collapse on the Stock Market, "slapped the Federal Reserve Board squarely in the face," heard Virginia's Senator Glass demand his resignation from the directorate of the Federal Reserve Bank of New York, announced the absorption of Farmers' Loan & Trust Co. by his National City, and regained his position (briefly lost by the Guaranty Trust-Bank of Commerce merger) as head of largest U. S. bank...
...that neither the rediscount rate nor the Mitchell resignation were even discussed. Merger Mitchell. ''Very interesting," was all that Banker Mitchell said when told of the Glass attack. Mr. Mitchell's mind was occupied with an important matter - the merger of National City with Farmers' Loan and Trust. Announced early this week, the amalgamation created a banking institution with total resources of $2,100,000,000. Inasmuch as the Guaranty Trust-Bank of Commerce merger (TIME, March 4) had produced a bank with resources of $1,983,597,000, the National City-Farmers' Loan combination...
...second exhibition of the Harvard Society for Contemporary Art presents the work of the School of Paris from 1910 to 1928. This collection includes painting, sculpture and examples of the decorative arts. The paintings are a logical supplement to the loan exhibition of French Painting now on display at the Fogg Art Museum. In scope the former ranges from comparatively conservative to ultra-modern...