Word: loaned
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Dates: during 1950-1959
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Often a builder could get a high mort gage under Section 608 and then build for much less than the face value of his loan. Then he could sell his new property, with the new owner assuming obligation for the full mortgage, and pocket the loan savings. The windfalls were breathtaking...
...member nations' coal, iron ore and steel, it has, in large part, done away with some old nuisances such as customs, quotas and double prices, but its battle is far from finished: it is still fighting entrenched European cartelism, restrictionism, and protectionism. Monnet wants a U.S. loan -not a gift-for modernization, which he hopes will raise productivity, lower prices and stimulate European investment. Monnet had originally hoped for $500 million, but is reconciled to something around $100 million. Apart from the money, the loan will be welcome as a gesture of U.S. support. Jean Monnet needs that very...
R.S.V.P. In Nashville, gunmen held up the First Industrial (loan) Corp., took $1,374, escaped through an office door marked: "Need more money? Just...
Murchison said that he and Richardson had borrowed a total of $10 million from Alleghany with the option of paying off the loan with 400,000 of their 800,000 shares valued at $25 a share, the loan to be "secured by our own general credit." The rest of the $20 million, said Murchison, came from a $2,500,000 personal loan and a $7,500,000 loan, secured by the 800,000 shares, from an Ohio bank...
...Manhattan, a lawyer for Murchison corrected this story in a few details. He said that $7,500,000 came from a group of Ohio banks, headed by the Central National of Cleveland, $7,500,000 from the Alleghany Corp. and $5,000,000 as a personal loan to Sid Richardson from Young's good friend and business associate, Allan Kirby. Bob Young agreed with most of these details and added that Alleghany's loans to Murchison and Richardson were secured only by the oilmen's signatures. Said he: "Our relations with Mr. Murchison have existed for years...