Word: loans
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Dates: during 1930-1939
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...Farm Loan Interest. Only major veto of the session was placed by Franklin Roosevelt on a bill to extend for two years the "emergency" rate of 3½% on Federal Land Bank loans to farmers. Last week both Houses overrode the President...
When he took office, "Bible Bill" asked Ottawa for a loan of $18,000,000, received only $2,850,000. When he tried to put through a law muzzling the hostile press and making all banks Social Credit institutions, Governor General Lord Tweedsmuir vetoed the project. Final setback came last March. According to the British North America Act (Canada's Constitution), the Dominion holds control over currency, banking, interprovincial commerce. Canada's Supreme Court pondered Alberta's Social Credit laws, decided unanimously that they ran afoul the Dominion's monetary system...
...estimate of 1938 crops, commodity exchanges all over the U. S. were jittery. The figures that correspondents relayed to their home offices were not quite so bad as most had anticipated-but bad enough to spur Secretary of Agriculture Henry Wallace's efforts to perfect a new wheat-loan program. And such were the prospects for the three major crops (others appeared to be in fairly normal shape) that Secretary Wallace and President Roosevelt prepared to dump the cornucopia of Government largess as never before...
...surplus will total 300,000,000 bu., 30% above normal. This fact plus prospects of an average 1938 crop last week dropped futures prices on the Chicago Exchange to 57? a bu., 60? below last year, and prompted Administrator Howard Ross Tolley to predict that a Federal corn loan will be necessary this fall...
Speyer & Co. was founded in Manhattan in 1837. Its reputation grew as it sold U. S. securities in Germany during the Civil War, as it handled railroad reorganizations, as it floated the first loan to-Cuba. In 1885, James Speyer, after being bound apprentice to the family firms in Paris, London, Frankfurt, went to the U. S. firm. For at least the past 30 years he has run it in an arbitrary, single-minded fashion. He floated a vast amount of foreign loans, financed railroads, built power plants in Manila and a railroad in Bolivia. But the War upset...