Word: loaned
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Dates: during 1950-1959
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...about $14 million, as a gesture of friendship to a country which, he said, was "fighting our war against Communism as well as theirs." Said a prominent citizen of Kuala Lumpur, Malaya's capital: "A ray of sunshine out of an overcast sky." Unfortunately, Omar's generous loan will not come near covering Malaya's 1954 deficit, now estimated at more than $50 million...
PURCHASE & LOAN...
...fated synthetic gasoline company set up in 1946 and headed by ex-Republican National Chairman Guy Gabrielson (TiME, June 26, 1950), may be back in business before long. Stanolind Oil & Gas Co. wants to take over the closed-down Texas plant, pay off an $18.5 million RFC loan, and put another $25 million into expansion. The RFC, which is itself going out of business, is negotiating with stockholders to okay the deal, and thus get back the money it sank in the project...
...legal fee to one of its directors, and $128,027 in fees to law firms in which Equitable directors were partners. ¶An Equitable officer had received a $30,000 salary and two others $10,000 each from McCarthy Oil & Gas Corp. after it had defaulted on a loan made by Equitable. The three had had the job of reorganizing the McCarthy company. ¶ Contracts for some of Equitable's biggest building projects had been awarded to favored builders and architects on orders from Parkinson, who believed that no builder had the financial resources to make a competitive...
...Houston's Museum of Fine Arts held its first show of 36 Italian and Spanish paintings of the 15th to 18th century, a "permanent loan" from Collector Samuel H. Kress, 90, the dime-store tycoon (TIME, April 27). Among the best of Houston's windfall: a warm-hued Nativity and Adoration of the Shepherds by Titian and his brother Francesco, fascinating with its bright but strangely stormy sky; Goya's A Maja and Two Toreros, its gaily clad figures oddly accented by the sinister tones of its wooded background. Under Kress conditions, Houston would not have gotten...