Word: loans
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Dates: during 1920-1929
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...loan show of the Contemporary Art Society in Colnaghi's, Bond St., London, the Prime Minister of England opened an exhibition of modernist French painting. Represented were Braque, Perain, Dufresne, Dufy, Flandrin, Friez, Marchand, Matisse, Picasso, Segonzac, Utrillo, Bonnard. The Prime Minister seemed quite familiar with such names and quite at home in the midst of Contemporary Art. "He proceeded to state, without false gusto, a few simple truths about Art, pointing out that Art, like Nature, never dies, that the old masters of today were once contemporaries, a fact too frequently forgotten by their exclusive worshippers, that...
...Reconstruction of the Federal Reserve and Federal Farm loan systems to provide lor direct public control of the Nation's money and credit to make it available on fair terms to all, and National and State Legislatures to permit and promote cooperative banking...
President Alvaro Obregon of Mexico announced the temporary suspension of Mexico's debt agreement with the International Committee of Bankers, headed by Thomas W. Lament. He also made public the fact that U. S. bankers had refused a new loan...
...stating his reasons for failing to pay interest due on June 30 and for suspending the entire agreement, the President accused ex-Finance Minister Adolfo de la Huerta, recent rebel leader, of misrepresenting to him the attitude of American bankers regarding the loan, stated that U. S. oil men had employed obstructive tactics when a relief loan was sought; there was, therefore, nothing left for him to do except suspend the agreement...
Although European bankers had promised to provide all the money for the $50,000,000 international Hungarian loan, keen satisfaction was displayed in Hungary when a reallotment of the loan to the extent of $10,000,000 was made to a group of U. S. bankers. Said Premier Count Stephen Bethlen: "We had already obtained from the principal banks of Europe guarantees for the whole of the $50,000,000 required. Our appreciation of the present American action is therefore relatively disinterested and all the more sincere." Describing the policy of his Government as one of peace and reconstruction...