Word: loan
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...remained for the U.S. to hone speculation to its finest edge, and not surprisingly. "Of all the peoples in history," observed Economist J. Edward Meeker in 1930, "the American people can least afford to condemn speculation. The discovery of America was made possible by a loan based on the collateral of Queen Isabella's crown jewels, and at interest beside which even call-loan interest rates look coy and bashful. Financing an unknown foreigner to sail the unknown deep in three cockleshell boats in the hope of discovering a mythical Zipangu cannot, by the widest exercise of language...
...subsidiary of the Southern Pacific railroad, to form Diebold Computer Leasing Co. The firm, which will specialize in leasing the latest third-generation computer equipment in the U.S. and Europe, starts with an impressive $85 million bankroll, of which Commercial Credit put up $75 million as a revolving loan. "We are set up to be the General Motors-in this field," says Diebold. "The whole thing is structured around desirable financing. We don't see any other limit to the market...
...more cement for his prewar construction projects, he founded a cement company and one to supply sand and gravel. As an industrialist he followed this idea on a grander scale. Because steel shipments were slow, he organized Kaiser Steel at Fontana, Calif., with a $123 million Reconstruction Finance Corp. loan that brought considerable criticism from Congress and Wall Street alike. He dabbled in airplanes, and with Howard Hughes conceived the idea of a ten-engine cargo plane that never got off the drafting board. Later he founded Kaiser Aluminum...
...Kaiser Foundation that today provides medical services in 18 hospitals and 40 clinics for 1,500,000 West Coast members. One of his most notable projects-and notable failures -was making automobiles. He and Joseph W. Frazer bought a surplus bomber plant in 1945 with a Government loan of $44 million, began turning out Kaisers, Frazers and, later, Henry Js. They sold well until postwar supplies of new cars caught up with demand: then, competition from Detroit's Big Three put Kaiser-Frazer out of the auto business. Kaiser repaid his loan, as always, but lost $52 million...
...just as quiet, and Paul Primock, ostensibly acting for Sears, was allowed to buy all of Jackson's buildings and acreage for $647.71. It was all done so discreetly that Jackson knew nothing about it until eleven months later, when he tried to borrow money and the loan company discovered that he had no property to borrow against...