Word: loan
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Dates: during 1940-1949
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After lending Henry Kaiser $34.4 million only a month ago, the RFC last week opened its cash drawer and plunked out another $10 million to its great & good friend. The earlier loan was to help Kaiser-Frazer bring out a low-priced car by next spring to compete with Ford, Chevrolet and Plymouth. The second loan was to permit K-F to finance its dealers' purchases of cars from the factory, because K-F dealers had trouble getting loans from private banks. All told, RFC has loaned K-F almost as much as the company raised in stock sales...
...financial Merlin, Dr. Hjalmar Schacht, who was acquitted of war crimes in Niirnberg, was back at the old stand with a sure cure for Germany's ailing finances. In a new book, Schacht called for a return to the gold standard and a billion-dollar U.S. gold loan to Germany to back the mark...
...finally we are told that this $20,000,000 loan is just hard-headed business--we loan them money to build up their mines and some war-damaged industries, and in return we get large supplies of Yugoslav-mined strategic materials. You can't pull the wool love the American businessman's eyes...
There are a few people who support aid to Tito because they believe that the loan dollars are non-political dollars, not aimed at Stalin. One cannot score many points for refusing them, but their reasoning shows important parallels with that of most other Americans and the State Department. These people, then, perceive the obvious economic fact that the $20,000,000 loan is financially feasible, and ignore the fact that it is motivated by political interest (witness the inescapably political timing of the project in the midst of Russian-Tito controversy...
...major decision on future American policy in Europe. Is the West content to maintain the status quo with Russia, or should it attempt to push the border back by encouraging unorthodoxy and nationalism among non-Russian communists? The U. S. is already committed to a $20,000,000 loan to Tito. The subject now is how much more help--if any--should be sent. In making up its mind, the London conference will have to consider heavy arguments on both sides...