Word: loan
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Dates: during 1930-1939
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...Count Bethlen suddenly resigned as Premier when a financial collapse compelled him to give up revisionism as the price of a French loan. Since then he has played a background role in opposition politics, occasionally coming out of his shell to issue warnings against getting too cozy with the Nazis or to growl about the decadence of his own aristocratic class. Hopeless and outmoded as most of the surviving diplomatic bigwigs of the '205, the crusty Count is convinced that his country is going to pot: "It is much to be feared that Bolshevistic ideology will again strike root...
...Paris it was learned that the Franco Government sought a reconstruction loan of $100,000,000 from a group of bankers (headed by Mendelssohn & Co. of Amsterdam) largely dominated by Jewish influences. The bankers' answer was to propose an economic survey of Spain. They suggested it be made by onetime Premier Paul van Zeeland of Belgium. Paris financiers added other conditions: that Spain renounce partnership with Germany and Italy, declare neutrality in any forthcoming...
...established a Catholic University in Peiping, China, borrowed $250,000 from Peiping's National City Bank at 7% (legal Chinese rate), for repairs and new buildings. Archabbot Stehle died, control of the university passed from the Benedictines to the Society of the Divine Word, and the loan went unpaid. In 1936, the bank brought suit against the Benedictines, who countered by claiming that their Archabbot, in conducting the affairs of the university, had acted independently of the Society. A Federal judge in Pittsburgh decided otherwise last fortnight. The Benedictines' attorney announced he would file exceptions, probably appeal...
...Lending Agency would consolidate ten independents: RFC, Disaster Loan Corp, RFC Mortgage Co., Federal National Mortgage Association, Electric Home & Farm Authority, Federal Home Loan Bank Board, Home Owners' Loan Corp., Federal Savings & Loan Insurance Corp., Federal Housing Administration, Export-Import Bank of Washington...
...when a report was proved false that RFC and other lending spigots would be hooked up to the Department of Commerce. Jesse Jones as a, subordinate of Harry Hopkins was such a bad dream that, when it passed away, no one worried further about who would become chief Federal loan officer: probably he would still be that big Texan, Jesse Jones...