Word: loans
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Dates: during 1920-1929
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...least, ran the continuation of the flood district articles written by L. C. Speers, alert staff correspondent of The New York Times (TIME, July 18). Last week's articles, dealing with conditions in Louisiana, emphasized three points: the destitution of the people; the failure of the emergency loan-relief system to function; and a growing resentment toward the inactivity of the Federal Government. Destitution. It is about 17 miles from Delta Point, La., to Tallulah, La. In this territory Mr. Speers counted 234 houses still in water up to their roofs. A large portion of the flooded area...
Thus it appeared that the entire Elk Hills business would be dredged up again and that the familiar "little brown bag" in which Edward L. Doheny Jr. took to Mr. Fall the $100,000 which Mr. Doheny calls a loan and Government attorneys call a bribe would once more be inspected by a jury. Shocked, irate, lawyers for the defendants protested that Messrs. Fall and Doheny were being tried twice for the same offense. They argued that U. S. Justice had come to a lamentable state when the Government, having failed to get a conviction for conspiracy, could change...
...Tijerīno; then purported to explain the nature of the "loan contract." He alleged that a 1,000,000 credit was set up in Manhattan on which the Nicaraguan Government pays 6% annual interest, plus a 1% commission interest on the whole amount, whether any of the credit be withdrawn...
...Toribio Tijerīno, onetime Nicaraguan Consul General at New York, recalled last week to Manhattan newsgatherers the fl, 1,000,000 loan negotiated between the present Nicaraguan Government (upheld by U. S. marines) and the Manhattan firms of J. &. W. Seligman & Co., and the Guaranty Trust Co. (TIME, May 16). Said Señor Tijerīno: "The loan contract was entered into with the knowledge and approval of the State Department of the United States...
...very careful study of the [loan] contract, reveals that it does not in the least deal with a straight loan at all. In other words, the bankers are not lending Nicaragua one red penny of their money...