Word: loan
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Dates: during 1920-1929
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Knowing well that the U. S. State Department scrutinizes all foreign loans offered to the U. S. public by U. S. banks, and knowing that such scrutiny would scarcely ensure success to a loan for a country which is not recognized by the U. S., the Soviet carried out its transaction privately and directly with U. S. citizens, by mail. To assure U. S. buyers, however, it was necessary to get some U. S. banks to act as agents, to pay out dollars for interest and amortization. The Soviet engaged, among other banks, the Chase National Bank of New York...
Last week, the State Department "objected" to the Soviet loan. The objection was unprecedented in that the U. S. bankers interested, since they were not floating the loan but only giving it port facilities, had not asked the State Department to announce its attitude. The objection was impressive, since it put the State Department in the role of a defender of citizens' safe-deposit boxes. The objection was effective. The Chase National notified the State Department that it would "gladly refrain" from carrying out its Soviet depositor's instructions...
...Approved President Coolidge's three nominees for posts on the Federal Farm Loan Board-Eugene Meyer Jr. of New York, who directed the War Finance Corp...
...number of important Japanese works of art in a special exhibition. Since that time there has been no chance in America to see such things except in the comparatively monotonous form in which they are set out by the few museums which posess them. Mr. Charles Baine Hoyt's loan collection, just opened at the Fogg Museum, is therefore of more than local interest. Three rooms have been devoted to a pleasantly sparse distribution of potteries and paintings where even the laymen must see at once that he moves among aristocrats. Ever since it opened last Fall the Fogg...
...Davis became a rich man-although not so rich as Mr. Seiberling. He sold his interests in U. S. Rubber, and with his money prospected for oil in Texas. He lest all except faith in Texas oil. He called on his friend for a loan, and promptly got $57,000. Then he struck oil, made...