Word: loan
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Dates: during 1920-1929
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French and foreign investors scrambled competitively in a buying orgy, last week, when they were finally permitted by white whiskered, confidence inspiring Prime Minister Raymond Poincaré to snap up the 5% bonds of his eagerly awaited Consolidation Loan...
Within two days ten billion francs ($400,000,000) of new money flowed in; and six billion francs in other government securities were exchanged for the new issue. Since this latter process-"consolidation" of previous higher interest bearing securities into the new loan-was the end chiefly sought by Prime Minister Poincaré, he announced on the second day of scrambling that no further cash subscriptions would be accepted, but welcomed further conversion which continued steadily all week...
...announced by M. Poincaré, prior to his recent sweeping victory at the general election (TIME, May 7), the present Conversion Loan is a firm preliminary step toward eventual restoration of the stabilized franc to a gold basis...
...Lane has been active in the various phases of Phillips Brooks House work, and has participated in a number of the activities sponsored by it. He has served at different times during the past three years, on the Conference Committee, on the Lectures Committee, and on the Text Book Loan Library Committee. He has also played basketball and has captained the lacrosse team this spring...
Third: The 20 Directors of General Electric have such vastly ramifying interests that one or more of them sit on the Boards of 200 (mostly great) U. S. corporations, from the Adirondacks Power & Light Corp. alphabetically to the Workman's Loan Association of Boston. And one of its Directors, George Fisher Baker Jr. 51, is the only man in the U. S. who sits on the Boards of four of the country's eleven billion-dollar corporations. His are General Electric, General Motors, A. T. & T., U. S. Steel. In that bridge-like respect he is the most potent...