Word: loans
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Dates: during 1920-1929
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...terrified and superstitious population touched the apogee of panic, last week, when a rumor spread that Divine Vengeance had fallen because of a specific and impious act of the Bulgarian Parliament. This act was to meet and discuss the project of a U. S. loan on a Holy Day, namely last Good Friday...
Another result is that the way has been made for listing another and greater British security, the ?1,950,000,000 ($9,750,000,000) 5% British war loan. If that is listed it will be the greatest bond issue ever offered to U. S. investors, exceeding by $3,500,000,000 the Fourth Liberty 4¼% loan...
...Federal Farm Board, composed of the Secretary of Agriculture and a member from each of the twelve U. S. Land Bank districts, appointed by the President. This Board was to administer the loan fund and help co-operative marketing associations to cope with surplus crops...
...control such a surplus, the Board, through the co-operative marketing associations, would first loan money from the fund to help withhold the crop until domestic demand increased, or to "dump" the surplus abroad. In effect, the Government would thus be a buyer and seller of grain...
...Then, if the loan fund should be exhausted, the Board would fall back on the Equalization Fee, a levy collected proportionately from all the growers of a surplus crop. The fairness of this scheme has never been questioned, since when a surplus crop occurs, all who have grown the crop have contributed to the surplus and helped drive the price down. The difficulties foreseen are in determining when a surplus exists and in deciding what is a "fair price...