Word: loans
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Dates: during 1920-1929
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Democratic Rule, 1913-1921. Economic life quickened; no corruption; privilege uprooted; great leadership in a great war; reduction of tariff taxes; creation of Federal Trade Commission, Farm Loan system, Secretariat of Labor; Federal Reserve system; enactment of more effective, constructive, remedial legislation than the Republicans had done in a generation...
...Commercial debt to England, bonds held, 1,387,000,000; purchases of stocks, 207,000,000; loan of 1920, 450,000,000; loan of 1921, 418,000,000; municipal loans, 210,000,000; purchases of stocks, 2,110,000,000; Japanese loans, 177,000,000; various credits from Spain, 5,000,000; Argentina, 92,000,000; Holland, 115,000,000; Uruguay...
Agriculture, Industry and Labor. The Republican Administration gave the situation more serious consideration than it has ever received. Laws have been passed to help. The President secured the formation of a private corporation, with $100,000,000, to assist the Northwest. The revival of the War Finance Corporation, which loaned over $300,000,000, saved agriculture from complete collapse. Intermediate credit banks were established; capitalization of Farm Loan system increased ; emergency loans made to drought-stricken areas; cooperative marketing begun; grain futures and packer-control laws were enacted; farmers given representation on the Federal Reserve Board; foreign marketing service...
...reason for the postponement was said to be that the Russians could not come to a decision concerning the method of paying their pre-War debt. More important still is the fact that the Soviet Government cannot now obtain on their own terms the big loan that it hoped to raise in London. The British Government let it be known that there could be no thought of a Government guarantee for any loan made to Russia. This means that the Bolsheviki in London will have to negotiate direct with British bankers who, according to recent statements, will not lend Russia...
...disappointed. Said the Secretary General: "Cows are not acceptable because they come under the title of perishable goods. A cow is liable to die in the sad surroundings of a pawnshop, thus making it impossible for the Government to get its money if the pawner does not repay the loan or redeem the pledge if requested. I think there would be a legal tangle if a cow became a mother during her sojourn in a pawnshop...