Word: loans
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Dates: during 1930-1939
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...thing, he has given a great deal of his time and over $1,000,000 of his money to the founding of credit unions (cooperative savings and loan groups) in America. There are over 6,000 of them today, furnishing credit at the minimum rates to 1,250,000 workers who formerly were dependent on high-rate money lenders, frequently illegal loan sharks, when they needed a loan. I share the benefits of one myself; had it not been for Filene I should not have had it. This is not his only concrete contribution to liberalism; it is simply...
...classed as "moral fraud": 1) setting up personal holding companies in the Bahamas, Panama, Newfoundland and other places from which tax money cannot be extradited; 2) buying one-payment life insurance (from a Bahama company), borrowing back the "payment" and claiming tax deductions for interest paid on the loan;* 3) establishing personal holding companies in the U. S., which in spite of special taxes still pays those who are rich enough; 4) incorporating yachts, town houses, country estates, racing stables so that their operating losses can be claimed as deductions from income; 5) borrowing money from personal holding companies...
While flying for pleasure from Shanghai to Peiping early last year, Frederick B. Snite Jr., son of a wealthy Chicago small-loan financier, developed infantile paralysis. A few hours after he went to Peiping's Union Medical College Hospital he was paralyzed from the neck down. He could not move a muscle to breathe and would have suffocated in a few minutes had the hospital not had one of the few artificial respirators in the Orient...
...Pierre Auguste Renoir are not only great but pretty, as he once said paintings should be, few years go by without a new Renoir exhibition in Paris or the U. S. In 1933 the Chicago Art Institute included a fine roomful of Renoirs in its Century of Progress loan exhibition, and two years ago the Durand-Ruel Galleries showed 30 choice canvases in Manhattan (TIME, March 25, 1935). Last week the most comprehensive U. S. exhibition of Renoir since the painter's death in 1919 drew hundreds of Manhattanites to the Metropolitan Museum of Art. To be on view...
What raised his spirits was a telephone call from the Esterbrook brothers, who were in Washington to arrange a $64,000,000 Government loan to save their shaky railroad empire. They had the okay of the F. R. A. but needed one from the Federal court in their own district. Their regular judge had just died. Senator Squires' job would be to see that the right judge took his place. The Senator and Darnell visited the Esterbrooks' empire estate to arrange terms. Darnell discovered shy young Bob Esterbrook, whose reserve soon vanished on his later visit to Washington...