Word: loans
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Dates: during 1920-1929
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Heavily in debt last week was Albert Bacon Fall, bribe-taking Secretary of the Interior under President Harding, first convicted Cabinet felon in U. S. history. He still owed Oilman Edward Laurence Doheny $100,000 (exclusive of interest) on what he still insists was "a friendly loan" made eight years ago. He owed the U. S. another $100,000-the fine imposed last week after a District of Columbia Supreme Court jury had found the Doheny "loan" corrupt, a bribe. Additional debt to the U. S.: one year of his life in prison. Mr. Fall's assets, both...
...Federal Farm Board last week dipped deep into its capacious pocket and drew forth $100,000,000 for wheatmen throughout the land. It was Husbandry's biggest loan. If this sum were not enough to help cooperative associations stabilize the wheat market, the Board promised to ask Congress to advance more of its $350,000,000 credit still untouched...
This wheat loan will be doled out to coÖperatives through the National Farmers' Grain Corporation, organization of which was definitely completed last week...
...Jacob Epstein of London has carved things to which most Londoners violently object (TIME, Oct. 21). 2) Because Max Epstein of Chicago, besides being philanthropist and financier (tank cars, directorships), is an outstanding connoisseur and collector of paintings. Many a Harvard law student is aided by the Max Epstein Loan Fund. The University of Chicago has a Max Epstein Dispensary and Social Hall. Lately Mr. Epstein combined his hobby and his philanthropy. Last fortnight the University of Chicago announced receipt from him of $1,000,000 for an art center where esthetic history and theory will be studied and taught...
...dirigible-building is an adult profession. Mr. Litchfield, who long before the War had induced Goodyear Tire & Rubber to build balloons, saw opportunity in dirigibles. He dickered with Dr. Hugo Eckener, as usual in need of construction money, for the American rights to build rigid airships and for the loan of some Zeppelin technical men. The Goodyear men incorporated Goodyear-Zeppelin Corp. The Zeppelin Works got a minority block of its stock. Dr. Eckener became a director/ Most important for the U. S. company was the transfer of Dr. Karl Arnstein, Prague-born chief engineer of the German company...