Word: loans
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Dates: during 1930-1939
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Plans have already been made by the ambitious body of graduate students, helped by a University loan just increased to over $5,500, to start remodeling Andover Hall. If really strong relationship becomes apparent at the top or the organization, additional financial backing will probably be received. However, the demand by the University that the Radcliffe members be excluded before the loan will be put through means that quite possibly one of the most enthusiastic elements of the society and one will considerable financial importance will be removed. The remaining male proponents will be faced with a difficult task...
After a brief career as a bond salesman in Baltimore a smart young man named Wallace Groves went to Washington in the early 1930s, entered Georgetown University law school. He had a brother in the small-loan business in Baltimore and a sister with some money. Soon Wallace Groves had small-loan companies scattered about the District of Columbia, nearby Virginia and Maryland. In 1931, having merged his companies with a Chicago concern, he sold out, decided to try his hand in Wall Street...
...Manhattan art firm of Michael Knoedler & Co., quiet, old and svelte, has a quasi-institutional aura which many dealers envy. At least once a year Knoedler's puts on a "prestige show," a big loan exhibition of masterwork in which no single item is ostensibly for sale. Last week, Knoedler displayed against the black velvet of its inner rooms 58 borrowed pictures by three French artists of the early 19th Century: Gros, Géricault, Delacroix. The gate receipts were to go to a society called "La Sauvegarde de l'Art Fran...
When the University reached into the depths of its corporate pocket and brought forth a $3000 loan for the new cooperative dining hall, it not only rescued a praiseworthy venture from the brink of failure but also established an excellent precedent for the handling of future student enterprise...
...much for the gift of a convenient room, for the generous loan, or even for the fact that they have made possible a graduate dining hall, that the University deserves the highest praise. Rather it is because they have recognized and rewarded the students whose courage and perseverance so fully deserved success. Harvard men with similar ideas and the will to succeed will be grateful for the precedent thus established...