Word: loan
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Dates: during 1920-1929
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Onetime (1913-19) Senator J. Hamilton Lewis (Illinois Democrat) sailed last week for Europe seeking new pastures. He said he was going to Geneva to represent before the League of Nations "a foreign power" which wishes to negotiate a loan for $100,000,000. Reporters asked what nations needed loans. Answer: "Poland, France, Belgium, Italy, Rumania and Greece...
...Brazilian Government has not hesitated to use its own credit to help its coffee growers. In 1922 a loan of ?9,000,000 was floated in London to hold off the market 4,535,000 bags of coffee. The British drink tea, not coffee, and so were indifferent to the purposes to which the loan funds were to be put. But curiously enough, a considerable pro portion of this 7½% coffee loan was sold in the U. S., the greatest coffee-consuming nation in the world. U. S. investors consequently helped to supply the funds needed...
Recently, it again became necessary for Brazil to raise money to rig the coffee market further. The Federal Government of Brazil passed the proposition along to Sao Paulo, the State in Brazil which grows most of the coffee. Sao Paulo sent representatives to Manhattan to secure a loan of $30,000,000 to $40,000,000. But by this time common sense had returned to the State Department and the Manhattan bankers alike. The Sao Paulo officials were politely informed that from now on it would be against U. S. policy to provide funds to put up prices on imported...
...last week announced that during the first six months of 1925 U. S. imports of foreign securities amounted to $551,591,000. Europe with $237,600,000 proved the principal borrower, while $151,081,000 went to Latin America and $131,910,000 to Canada. Rumors of new foreign loan proposals abound in Wall Street. The only serious obstacle to the continued import of foreign securities so far seen is the objection of the Coolidge Administration to the flotation of loans by countries still debtors to the U. S. Treasury...
...terms of U. S. gold dollars and in this respect at least stand on a different financial basis. Morally Mr. Zimmerman's protest is well taken, but legally it is fatally weak. The effect of. his action, however, is important, not only with the new Cologne dollar loan, but with a number of other dollar loans sought at the present time in Wall Street by various German municipalities...