Word: loans
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Dates: during 1930-1939
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...depression of 1921. went to Dayton, suggested a back-to-the-farm movement for the unemployed. Dayton's response was immediate. Under Dr. Nutting's direction a Homestead Unit Committee was formed, a 160-acre farm acquired. From the Department of Interior Dayton got a $50,000 loan. Homesteaders will be permitted to build their own homes along lines laid down by Architect Ernest Flagg, will be loaned money at low rates of interest to be repaid out of earnings from employment in the city or from trades and crafts in the home...
...Buenos Aires books were opened last week for subscriptions to this Roca-Runciman loan. Argentina waited nervously to see how British firms would take the bait. Would they subscribe, or would they prefer to bootleg their money out of the country a few pounds at a time by selling pesos at special rates to tourists and others with dollar bills or pound notes? With relief Finance Minister Federico Pinedo soon announced...
...Although the goal was ?10,000,000 sterling, subscriptions were ?13,526,335. . . . There were 371 subscriptions ranging from ?100 to ?3,000. The great success of this loan virtually assures the cleaning up of all British blocked funds...
...Aldrich managed to say that of the $80,000,000 loaned by Chase to Cuba nearly $20,000,000 had been repaid and interest was being paid on the rest. Every bit of $80,000,000 had been paid to contractors (for construction of the new Cuban Capitol and of a highway the length of the island) on work certificates approved by the Secretary of Public Works. Not a cent had been paid to ex-President Machado or other officials. Later Chase Vice President Shepard Morgan admitted that General Enoch Crowder, then U. S. Ambassador to Cuba, had given...
...uncertainty of the business future. Washington has mixed veiled threats with saccharine disclaimers of socialistic intentions, but Wall Street seems still far from assured. And as a result the supply of credit which has been showered upon the banks has been left there, the managers simply stating that to loan it out now would be the equivalent of bidding it a permanent farewell...