Word: loans
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Dates: during 1930-1939
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...Passed (383-to-4) a bill to create a Home Owners' Loan Corp. for refinancing mortgages of $10,000 or less on homes valued at $15,000 or less; sent it to the Senate. The Treasury would subscribe $200,000,000 to the capital of the corporation which, in turn, would issue up to $2,000,000,000 in bonds. The U. S. would guarantee the 4% interest on these bonds which would be exchanged for 5% home mortgages. Defeated (133-to-77) was a proposal for direct cash loans to home-owners to ease their mortgage troubles...
...French Treasury is prepared to contract in London a short-term loan, thereby benefiting by the superabundance of free money in the British money market. It will be ?25,000,000 or ?30,000,000 in bonds for six months at 2½%. By thus procuring pounds the French Treasury will transform them into francs on exchange in accordance with its needs and in accord with the Bank of England...
Having two weeks ago postponed its debt problem by declining to call the 4th Liberty Loan for refunding (TIME, April 24), the U. S. Treasury last week took action on at least part of its problem: offered for sale $500,000,000 of 2⅞% three-year Treasury notes. To encourage small investors the bonds were offered in denominations as low as $100, and the Treasury declared its intention of trying to allot in full all subscriptions up to $10,000. Within a few hours banks announced a heavy subscription. Success of this issue will make it easy...
outer office. He said he had come about Mr. Morgan's manuscript of Vol. I of Sir Walter Scott's Guy Mannering, mysteriously stolen from a loan exhibition last autumn at Columbia University (TIME, Dec. 5). He was whisked in at once to Mr. Morgan. For five months world police had been watching pawnshops and "fences" for the MS. The man said quietly, "Would you be interested in getting back Guy Mannering on a basis of no questions asked, no money paid?'' Mr. Morgan said, "Yes." The man left and soon a messenger brought the manuscript...
...afternoon last week with only 24 hours remaining in which notice of October redemption could be given. President Roosevelt received newshawks in his regular semiweekly conference and announced quietly that the Treasury had no intention of calling the 4th Liberty Loan...