Word: loans
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Dates: during 1930-1939
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Possibly you would consider the chief engineer as the outstanding man in this case. His name is T. C. Hsi and he claims Massachusetts Institute of Technology as his alma mater. You may remember that this work was financed by the loan of American wheat plus a surtax on the Chinese customs revenue...
...Havana just in time for the Grito last week, Owen D. Young basked in Cuban sunshine while government sources busily rumored that he brought these glad tidings: that Manhattan's Chase National bank was about to extend for another two years its $20,000,000 Public Works Loan to President Gerardo Machado's hard-pressed treasury...
Second, while directors were heartily sorry for his and their mistakes (especially stock-selling) they did not admit that his or their acts were culpable. For every evil-looking act listed above they had an explanation which gave the lie to the headlines. Example: all loans made to officers were secured by collateral which was ample at the time. None of the officers have been forgiven their debts. They still owe the money and their collateral is still pledged to the National City Company. The "write-off" consisted merely in getting these frozen loans off the books of the bank...
...entered Manhattan banking in 1914 as a vice president of National City bank. But after directing Red Cross activities in France during the War (after a brief interlude as an investment banker), he became head of Manhattan's old ultra-conservative Farmers Loan & Trust Co. Not until 1929 when his bank was absorbed by expansive Mr. Mitchell did he again work for National City...
...long as a student is found to be a worthy liability, and inculcated with a proper sense of responsibility for his debt, there is no reason for the University to hesitate to make him a loan. Unattached gifts or money gleaned from economies within the University could be applied to no worthier purpose in the future. The alternative is the exclusion from Harvard of a considerable number of deserving students...