Word: loan
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Dates: during 1930-1939
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Repercussions continued. Unpurged Millard Tydings of Maryland tried to add to the Spend-Lend Bill a rider prohibiting any organization from contributing to a political campaign-fund any money not specifically assessed for that purpose. (This was aimed at the famed $470,000 loan by Lewis' United Mine Workers to the Democratic party...
...night sessions to disembowel Franklin Roosevelt's "Great White Rabbit of 1939." The Republocratic coalition, working as smoothly as surgeons, cut open the $2,490,000,000 Spend-Lend Bill and extracted $500,000,000 for toll roads, tunnels and bridges, $350,000,000 for RFC railroad equipment loans, knifed $25,000,000 from a proposed increase in the loan authorization of the Export-Import Bank, then passed it, sending the emaciated Rabbit to the House. The bill, once totaling $3,860,000,000, now stood at $1,615,000,000. California's bulky oldtimer, Hiram Johnson, took...
...exporting only a few million dollars worth of goods more than she was importing, so that debt services in London were harder than ever to meet. The country's sterling reserves dwindled from $143,085,000 to $34,035,000. On top of this, an $85,000,000 loan is to mature in London next year. To save New Zealand's currency, early last winter Prime Minister Savage not only set up control of exchange but took the drastic step of restricting imports by 10%, announced that for the last half of 1939 imports would be restricted...
...Daniel in the lions' den, recalled how badly both the British Labor Government of 1929-31 and the French Popular Front Government of 1936-38 had fared at the hands of the big bankers. There were predictions that before Mr. Nash could renew the $85,000,000 loan, the Labor Government would have to mend its ways...
That admission became the headache of tall Emil Schram, 45, who became Jesse Jones's successor as RFC Chairman. A successful Hoosier whose business was farming, timber, coal, he was made a member of RFC's board in 1936. From handling RFC loans to needy drainage and irrigation districts he was graduated to manager of RFC's business loan program. On the side he ran Electric Home and Farm Authority (set up to finance the sale of electrical appliances to home owners). One of the most capable members of RFC, his selection was backed both by conservative...