Word: loaned
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Dates: during 1960-1969
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...Texas Baptist Convention be made independent so that they too can benefit from Government aid. Other state conventions were not so forthright in dealing with the dilemma of federal aid. The Georgia Baptist Convention voted to let a church-run hospital in Atlanta accept a $6,000,000 loan, specifying that the financing be done "at the lowest possible rate." This amounted to approval of Government loans, since they carry the cheapest interest...
Baptist Georgetown College in Kentucky has borrowed $3,756,000 in federal funds for dormitory construction, and recently received a loan from Washington for a new science building. The college got around its dilemma by keeping separate sets of books for funds received from denominational and private donors. The trustees repay Washington from private funds, permitting them to claim that the church itself has stayed clear of involvement with Government money. The Rev. J. T. Miller, president of the Kentucky Baptist Convention, smilingly explains that the college has thus solved its financial problems "by beating the devil around the stump...
...case of some doctors, dentists or druggists the City owes as much as $1,000. These people have often been required to take out a bank loan to make up for the revenue they have lost in the payment delay. Councillor Thomas J. Danehy pointed out that in such cases the claimants might be able to sue the City for the interest on such a bank loan...
Discussion reportedly centered on two proposals: a 10 per cent devaluation of the franc coupled with a $3 billion loan to France, or a 15 per cent devaluation with a $2 billion loan...
...Faculty has built a reserve fund from past surpluses, and this "departmental balance" of $500,000 is expressly intended to ease year-to-year shortages. If the deficit exceeds the relatively meager limits of the departmental balance, however, Dean Ford will probably ask the Corporation treasurer for a loan. Presumably, if the deficits continued, the Faculty would have to decide either to trim its costs or raise its tuition...