Word: loans
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Dates: during 1920-1929
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...Foreign Loans. For the development of corporate and civic enterprises-largely waterpower, paper and cement activities-and to assist the stabilization of foreign currencies, U. S. bankers loaned to Europe and the Far East $1,318,700,000 for the ten months ending Oct. 31-more than was negotiated for the entire year of 1926. Wendell E. Thorne, financial expert of the Department of Commerce, who announced the total in Washington last week, forecasted that at the conclusion of this year U. S. loans abroad would aggregate $12,500,000,000. To Whom. To Germany was advanced...
Held by bankers & investors in the U. S. are |70,000,000 of a French bond issue, paying a high interest rate of 8%. Premier Raymond Poincaré and his Government mulled over the problem of retiring them in favor of a new loan at a lower rate to be sought in the U. S. market. Governments who have not yet agreed upon a plan to pay their debts to this country are forbidden to raise funds...
...Etat, c'est moi,* "beamed Louis XIV of France. Secretary Frank Billings Kellogg might paraphrase: "The State Department, that's me." Last week, in an aftermath conversation about Senator Carter Glass's criticism of the State Department's foreign loan policy (TIME, Oct. 24), in retort to a rumor that the State Department was of divided opinion on the subject, President Coolidge said he had always assumed that the Department of State was the Secretary of State...
...strictest of his reform rules was that the bank might loan no money unless fully covered by good collateral. The late Philip Danforth Armour† once sent word from the Chicago Stock Exchange that he wanted $100,000 at once. The young president returned word that he wanted collateral. Mr. Armour furnished it and valued President Mitchell for his stubborn consistency. Marshall Field also liked him and made him bank trustee of the Marshall Field estate...
Last week U. S. art dealers were surprised to learn that the Baltimore Municipal Museum of Art announced the loan for exhibition of the second casting of famed French Sculptor François Auguste Rodin's three-foot bronze, "The Kiss." Of this statue there are many marble replicas and one bronze original; the second bronze casting, given by the sculptor to a friend, had been believed lost for many years. "Where," dealers asked one another, "did it come from...