Word: loans
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Dates: during 1920-1929
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...worker the Teuton is cooperative. As early as the mid-13th century the towns of Hamburg and Lübeck inaugurated enlightened co-operation which led to the famed Hanseatic League; and late in the 19th century, Germany gave to the world that ultimately co-operative enterprise, the proletarian loan bank. The gigantic post-War industrial Frankenstein erected by Herr Stinnes is conceivable among no other people. Only because the German settles down in any workable industrial harness and tugs mightfully is the Dawes Plan practicable. Today there hangs eminent over Germany a new super-Dawes work harness. Already there...
...plan is: that banks, insurance companies, mortgage loan concerns form a pool of $100,000,000 which will be loaned to cooperative marketing organizations for the financing and marketing of farm products at increased prices. Herbert Hoover is said to have hatched the scheme, intends to call a conference of farmers, financiers, government officials to nourish...
Fords, Bulgars. The Ford Motor Co. is reported to have privately offered a loan of $5,000,000 to the Bulgarian government with which to build roads, and to have secured the concession to open a motor car factory in Sofia. Thus the Bulgars will have double incitement to buy Fords, often jocosely called "road bugs," for pleasant travel in their craggy country...
...Morris Plan of Banking and Credits" is a system designed to fill in the gap between commercial banks and chattel loan sharks, by which loans are made for amounts large or small, secured by promissory notes signed not only by the borrower but by two "co-makers" equally responsible with him. Repayment is made at the rate of $1 a week for each $50 borrowed until the note is paid. Arthur J. Morris, originator of the plan, is a crippled Presbyterian Jew who sells out his interest in the banks as they are organized, yet still speaks of them...
...Millions of chickens pass our door every afternoon, and our corner is the meeting place for many jackasses. The manure lies around in heaps. Open your sweetheart's account with us-Farmers Loan & Trust...