Word: loan
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Dates: during 1920-1929
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...business with an Englishman named M. B. Clark and a mechanical wizard named Samuel Andrews. Bargaining and borrowing was Mr. Rockefeller's prime task. Once he told a Clevelander that he wanted to invest $10,000 before he hit that same Clevelander for a loan of $5,000. So it is easy to understand how the Standard Oil Co. was formed with a capital of $1,000,000 in 1870 when Mr. Rockefeller was barely...
...paintings will be hung in the Davison Art Room in the New library, with other loan exhibitions to celebrate the opening of the building...
...President Coolidge. The controversial nub of the scheme is illustrated in the pig-selling problem set up above. The pig men are U. S. farmers-raisers of livestock, grain, cotton, tobacco. The philanthropist is the U. S. President Coolidge has been willing that the Government should set up a loan fund and a farm board to administer it. He has been unwilling that the U. S. should engage to administer the equalization fee, which he construes as involving price-fixing and as putting the Government directly into the buying and selling of various farm commodities...
...bolted doors and copper-framed windows employes pulled themselves tense with the expectation of rushing business, and glowed with pride at the immediate success of their President Charles Edwin Mitchell's new banking idea. President Mitchell had announced that this bank (biggest in the U. S.) would loan $50 to $1,000 at 6% interest to responsible employed persons, with no other security than their own signatures and the endorsement of two respectable friends. (All such loans to be repaid within a year.) Under such conditions the crowd outside the National City's office yearned to borrow. They...
...success of "Morris Plan" banks made enterprising bankers study the field. In New York City the National City group made surveys ; in Buffalo the Marine Trust group (Chairman Elliott C. McDougal, President George Franklin Rand,* Vice-President, Seymour H. Knox). Last week the Marine Trust announced that it would loan money at 6%, without security, to salaried persons. Mr. Mitchell's National City had anticipated Buffalo...