Word: loaned
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Dates: during 1950-1959
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Many a U.S. militaryman has privately argued the case for Spain as a potential naval base and a possible beachhead for the Army in case of a Russian blitz on Western Europe. Last week this argument was enough to win Franco a fat $100 million loan from the U.S. Senate. When Nevada's white-haired Pat McCarran, who had once enjoyed Franco's hospitality, brought up his perennial resolution to give Spain a big slice of Marshall Plan money, he found the Senate surprisingly receptive. Administration leaders managed to keep the money from coming...
With Interest. In Albuquerque, when an applicant was refused a $300 loan, he pulled out a pistol and robbed the Central Finance...
Under the present code, Gulbenkian had pointed out, U.S. inheritance taxes must be paid on foreign-owned works of art if the owner dies while the art is on loan in the U.S. Gulbenkian was perfectly willing to let Washington's National Gallery display 41 of his old masters (including some priceless Rembrandts and Rubenses once owned by the czars). But if the National Gallery wanted to keep the paintings for any "appreciable" time, the code would have to be fixed...
...Washington last week, after hearing from the National Gallery, the House passed H.J.Res.497. When the Senate concurs and Harry Truman adds his signature, foreign-owned works of art on loan to the National (or to other galleries approved by the National) will be exempt from U.S. death taxes. And the cream of the Gulbenkian collection will go on view this fall for at least two years...
When President Truman last week asked Congress for a system of "loan guarantees" to step up "essential production," many a U.S. steelmaker guessed that he was reviving a plan that Congress had rejected last year. That plan was for Government-enforced expansion of the steel industry (TIME...