Word: loans
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Dates: during 1920-1929
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Three months after the inauguration, President Harding transferred the Navy oil reserves from the Navy Department back to the Department of the Interior.† Then, as later Senate investigations revealed, Secretary Fall received a mysterious "loan" of $100,000 on Nov. 3, 1921, from Edward L. Doheny, potent head of the Mexican Petroleum Co. The money was delivered to Secretary Fall in cash in a satchel by Mr. Doheny's son. With it Secretary Fall purchased the finest ranch in New Mexico. On Dec. 11, 1922, Mr. Doheny's company leased the Elk Hills oil reserve from...
...wreath, at the centre on a black field the golden lion of Belgium, below the motto L'Union Fait La Force. . . . King Albert of the Belgians stepped back from decorating M. Franqui. All the world knows that it was M. Franqui who negotiated the $100,000 000 loan which stabilized the Belgian franc (TIME, Nov. 8). Therefore King Albert warmly eulogized M. Franqui, bade him a pleasant journey to the Riviera whither he departed to recover his health, impaired by his great labors. Before he left Brussels, M. Franqui resigned as Finance Minister, but not until he had drawn...
...mass-meetings, continual rounds of demonstration revealed the interest of the city population in the approaching expedition against the North. Members of the labor unions and the Hongkong strikers volunteered for service with the army. The merchants and people of Canton had just over-subscribed a $5,000,000 loan to the Nationalist Government without security other than the word of the officials. In the North soldiers have to be impressed for service and loans are obtained only by offering as security some foreign-controlled enterprise like the railways, or customs...
...large fortune from my father but have doubled it many times in Brazilian, Spanish and Mexican companies from which ] claim to have derived a total profit of one and a quarter billion Belgian francs ($35,000,000). My most famous attempted 'deal' was an offer to loan $100,000,000 to Belgium and France wherewith to stabilize their currencies. This fell through when it was discovered that I demanded personal control of the state finance of both countries during the stabilization period...
Relief. Eugene Meyer Jr., Chairman of President Coolidge's farm relief commission and Albert Calvin Williams, Chairman of the Federal farm loan board, began the President's relief plans by starting the formation of nine cotton finance corporations to serve twelve Southern states. These corporations will have a total capitalization of $16,000,000, against which the Government will loan $160,000,000 toward the storage of cotton. Farmers may borrow nine cents a pound on properly stored staple. Next year's acreage must be curtailed and diversified with crops; other than cotton...