Word: loans
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Dates: during 1920-1929
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...boards. Gerrit A. Beneker is the first and perhaps the most able practitioner of the new profession of Industrial Art. He tells how it happened in a paper on Art and the Industrial Problem in Scribner's Magazine for September. Many will remember his virile War and Liberty Loan posters: Sure, We'll Finish the Job and Work As You Would Fight. In his youth Beneker visited Homestead and other towns where steel has left its stamp, and vowed: " Some day I'll have a studio in a steel mill." On February 1, 1919, he entered...
...French proposals, it is reported, will go far in meeting British demands and reviving the sick Entente Cordiale; they include a moratorium to Germany, a loan to France on account of future payments from Germany, complete modification of the Ruhr occupation as soon as Germany ceases passive resistance, which she is expected to do after joint Allied pressure is brought to bear, a partial evacuation of the Ruhr territory after France has secured her loan, demilitarization of the Rhineland under the auspices of the League of Nations...
Total "indemnity " of $7,500,000,000; annual payments of $265,600,000 beginning 1928 if an international loan were not immediately available; guarantees pledging Federal railway system; capitalized at $2,380,000,000 and a like sum guaranteed by a gold 5% mortgage on business, industry, banking, trade, traffic, agriculture...
...Troubles. Several months ago Cuba floated a loan of $50,000,000 in the U. S. with the understanding that certain reforms would be carried out. The lottery was scheduled for a cleanup. But when the loan was consummated the lottery was not reformed or abolished. It was made worse. This lottery is a Government institution. Thirty per cent, of the sales are appropriated by the Government as revenue. Seventy per cent, are distributed in prizes. Drawings are held three times a month; about 35,000 tickets are sold for which the Government gets $19.40 a piece; the first prize...
...less argument occurs now than in 1920 as to whether New York has supplanted London as the financial centre of the world, nevertheless the rivalry of the two great financial capitals is today even keener than three years ago. Particularly is this seen in the flotation of foreign government loans, a work in which London was formerly supreme, but in which Wall Street is now proving a challenging competitor. Last week, the two centres competed directly for the flotation of the new $20,000,000 Norwegian loan. New York won, just as she did in the struggle for the recent...