Word: loaned
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Dates: during 1950-1959
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Hamilton, court-appointed and serving without pay, spoke for three hours, making a plea for pity and understanding of his client. He described Gold as the "most selfless man I have ever met in my entire life." He characterized him as a man who had often borrowed money from loan agencies to lend to fellow employees in need. He said that Gold had received no money from Russia, had entered the Soviet web believing that he was helping an ally. After that "he was entrapped...
...General Motors Corp.'s President Charles E. Wilson has needled the steel industry for not expanding faster (TIME, Nov. 6). Last week Charlie Wilson did more than needle. In an unusual agreement, G.M. offered to lend Jones & Laughlin Steel Corp. $28 million at only 3% interest. With the loan (still to be approved by J. & L. stockholders), plus another $200 million from bank loans and new bonds, the steel company will do just what Wilson has been asking. It will increase its capacity by 1,500,000 tons, or 32%, by 1953. In return for its loan, G.M. will...
...loan winters have made this year a must for the thousands of people who live on the wintertime ski trade and they're making an all-out effort to combat the weather device with added lure for the would-be adventurer...
Only a month after paying off the last of a $123 million RFC loan on his Fontana steel mill, Industrialist Henry Kaiser was back hat in hand last week knocking on RFC's door. This time he wanted $38 million for his auto company, Kaiser-Frazer, which already owes RFC $43 million. K-F President Edgar Kaiser explained that the company needs the money to tide it over until it can sell its backlog of 18,000 cars. He said that the Government's credit restrictions had slowed up its sales so much that...
...build a turnpike from Oklahoma City to Tulsa, the Oklahoma Turnpike Authority asked RFC for a $30 million loan. RFC advised the Authority to see if it could borrow the money from private sources. Last week the Authority closed a deal with a group of New York bond houses for a $32 million loan at 3.6% interest, $128,000 a year less in interest than RFC's 4%. Cheerily, the Authority wired RFC Chairman W. E. Harber: "Do you need any money? We have plenty...