Word: loan
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Dates: during 1930-1939
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...excess of savings deposits over withdrawals was $113,446,500; and, most important, France's gold supply had mounted from 55,808,000,000 to 87,266,000,000 francs. And last week when the Government went into the market for a six-billion franc defense loan, Frenchmen expressed their confidence in the nation's finances by oversubscribing it in a few hours, breaking all French records for an issue of that size...
Since January, Sir John has been planning to float a rearmament loan of $1,500,000,000-three times as much as the British have spent buying U. S. securities since 1935. For some time he has been hinting that he could not raise all this money so long as Englishmen remained free to put their investment cash into U. S. securities. Meanwhile, since 1935, Englishmen, fearful of war, had shipped $500,000,000 to the U. S., now have about $1,000,000,000 invested in marketable U. S. securities. Silent pressure has gradually reduced the flow, since first...
...January 1938, unable to borrow anywhere else, it got $8,233,000 from RFC to pay its wages (it already owed RFC $80,000,000). In June, without collateral for another loan, it met a $1,700,000 debt only because Jesse Jones arranged for PWA to buy the road's run-down Chesapeake & Ohio Canal, unused for 15 years, for $2,000,000. Last November the Interstate Commerce Commission allowed Dan Willard to cut his fixed charges $11,000,000 a year by persuading the bondholders to accept an eight-year moratorium on interest payments. Last week...
...happened that the cotton mills had an excellent excuse for slackening their pace-a shortage of cotton. It was a purely man-made shortage, for the U. S. Government holds under loan 11,400,000 bales, enough to keep the U. S. in shirts and skirts, sheets and towels, for nearly two years...
...bales. Secretary of Agriculture Wallace would like to sell some of his cotton now, but the Southern Senators, riding a rising market for their constituents, will presumably see to it that no Government lint is released so long as the market price is so close to the 9? loan figure...