Word: loaned
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Dates: during 1950-1959
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...article "New Money Merchants: Savings & Loan Men Teach Bankers Lesson" of Nov. 29, the writer speaks glowingly of the dividend rate paid by the savings and loan associations, and of their rapid growth in recent years. However, a careful reading of the article fails to reveal what we believe is the real reason for the relatively high dividend rate paid by the savings and loan associations and, as a consequence, their rapid growth: the fact that most savings and loan associations pay little or no federal income tax, whereas the commercial banks of the nation pay the regular corporate income...
...have part time jobs to somewhat over a third. "The trouble with commuting," one student said, "is the time I spend traveling makes it impossible to earn the cash I need to live in a house." For this dilemma their i8s apparently no answer--outside of a large loan or scholarship--except the sacrifice of studying and extra-curricular activities...
...last year banks began to balk. When they did, Peter suddenly produced "bills of exchange'' (drafts) apparently guaranteed, by such sterling-solid men as Docker and Mann. When one bank refused to give him further loans, he would "cash" another bill of exchange with another bank and repay the loan at the first. Last spring his respectable backers had enough. They resigned from the boards, refused him further financing. In June, his companies crashing around him, Peter abruptly put himself into a private sanatorium where no visitors were allowed. But one visitor got through anyway: Chief Detective Superintendent...
...finance" is applied to a wide range of jobs. To make my point I shall list a few of the different types of institutions offering job opportunities in finance. There are some 14,000 commercial banks in the country, along with numerous savings banks, cooperative banks, and savings and loan association. There are many job opportunities too, with investment companies, with trust companies doing investment work, with those large amassers of capital, the insurance companies, with the finance companies and other firms administering the tremendous volume of consumer credit in this country, and with commercial credit and factoring companies. Jobs...
...many financial jobs breadth of thinking is particularly important. Take the case of a loan officer in a rather large bank nearby who must intelligently administer his bank's credits to companies in the following industries: chemical, leather and shoes, finance (consumer lending), lumber and wood products, and building materials. The pressing problems of the company are inseparable from, and often the common denominator of, all the activities of the firm. To administer credit effectively, the banker must be above all a good businessman. He must understand business and the activities back of the figures with which he works...