Word: loaned
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Dates: during 1950-1959
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Last week he opened emergency-loan offices in Providence, New Bedford, Mass., four other hard-hit cities, and flew off to New England to check on loan requests. Among them: a Kittery (Me.) lobsterman wanted $1,500 to replace his lost boat; a Providence clothing store wanted $10,000 to replace its ruined merchandise; a New Bedford cotton mill wanted $75,000 to repair wrecked machinery. At week's end SBA offices were getting ready for more disaster loans for damage caused by Hurricane Edna (see NATIONAL AFFAIRS...
...periods of peak loads, thus lessening breakdowns and power shortages. The cooperatives would abandon plans for 292 miles of lines, use the $3,000,000 saved to increase capacity of the new plant at Ford. With peace in sight, the Government released the remaining $13,299,000 of its loan to the cooperatives so that they could further expand the Ford plant and complete their transmission system...
...company has $2,500,000 in capital, much of it raised from Cuban investors, and a Cuban government loan of $150,000 for drilling. Under the terms of last month's decree designed to stimulate development of the island's oil resources, the loan need not be repaid unless the prospectors strike oil. With close to a million acres under lease in the central Jatibonico Basin, where a wildcat syndicate last May opened up the country's first sizable oilfield, Cuban-Colombian agreed last week to drill six 4,000-ft. wells when geological surveys are completed...
None of the indictments to date concerned the well-publicized windfall profits siphoned off from FHA-backed apartment mortgages. Most of them related to the Title I home-improvement program, which offered wide opportunities to veteran con men. The sharpers obtained loan money by inflating estimates of construction costs, supplying fictitious credit ratings, forging signatures on notes, faking project-completion certificates, etc. Some of the loans were diverted to making auto and alimony payments, and even to paying gambling debts...
Easy Payments, by Ray Doyle (Hermitage; $3), is a soap operetta, and its refrain is that a loan collector's lot is not an easy one. With a baby on the way and a stack of unpaid bills, sobersided Dan Cantrell cannot be choosy about his work. His job as "investigator" for the Trustee Personal Finance Co. is to hound the "slows." He soon finds that the slows' lot is not a happy one, either. Families live in crowded walk-ups where dank, paintless walls "shed their plaster skin revealing the ribs of lath." Unkempt women in faded...