Word: loaned
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Dates: during 1950-1959
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Ponderous RFC Chairman Harley Hise sputtered that the loan was made to the very respectable owners of the hotel, who had in turn leased out the gambling rights, in a state where gambling is legal. Though the RFC did not set the house percentages on the roulette wheels, RFC admitted that it had, of course, considered the "take" in deciding to risk the loan...
...Burial? Nobody could prove anything shady or illegal about the Mapes Hotel loan, but neither could anybody prove that the RFC's action looked very smart. There was a more basic question: Was it a proper Government function in boom times to lend money to businesses where private bankers refused to tread? Wasn't RFC too often supporting an army of potential bankrupts, to keep them going against sharper competitors...
Death of Wolfe, on loan for the first time. The Mexican National Museum of History contributed scenes from the Mexican War, and from his private collection King George VI sent a print of a naval engagement on Lake Champlain...
Last year L.A.I, got a $4,500,000 loan from the Economic Cooperation Administration to buy three DC-6s for its transatlantic run. The U.S. flights, now scheduled for once a week, will be stepped up to three or four a week when the company buys three additional DC-6s. Said Ambassador Dunn: "L.A.I.'s success is a marked step along the way of Italian recovery...
...World Bank promised last December to lend $12,500,000 for a big hydroelectric project on the Rio Lempa, Salvadoreans agreed to raise another $5,006,000 themselves. To the government of tiny El Salvador (pop. 2,500,000), which had never tried it before, floating an internal loan looked like a precarious business. At its request, the World Bank sent in a bond-marketing expert, balding, energetic Norman M. Tucker...