Word: loans
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Market, N. J., Charles Dunn went to work at 17 as a wholesale grocery salesman, later learned all there was to know about the commercial paper business, was with the banking and commercial paper house of Bond & Goodwin in 1929 when Eugene Meyer, then Federal Farm Loan Commissioner, telephoned him from Washington. After that long-distance interview he became a fiscal agent, with his amazingly wide acquaintance among U. S. bankers, acquired in distributing commercial paper, as his most valuable asset. A large, plump, kindly man with close-cropped hair, Mr. Dunn raises prize roses at his home in Westfield...
Even with the current 3% coupons, Land Bank bonds are not hard to sell. Taxexempt, secured by first farm mortgages or Government bonds, they are joint and several obligations of all twelve Land Banks, which are supervised by the Farm Credit Administration. Unlike Home Owners' Loan Corp. bonds, Land Bank bonds are not Government-guaranteed. All recent Land Bank issues have been sold to refund outstanding bonds with higher coupons. And since by law the Land Banks may charge borrowers no more than 1% in excess of the rate at which they themselves are able to borrow, Mr. Dunn...
...farm in Passyunk Township, three miles southwest of the city. Solid burghers, however, recognized him as the man who paid one-tenth of Philadelphia's real estate taxes, who had in 1814 subscribed to 95% of the U. S. Government's unpopular $5,000,000 war loan. Clergymen were painfully aware that he read the French rationalists, owned 18 ships bearing such names as Voltaire, Rousseau, Montesquieu, Helvetius. One morning in 1830, when he was 80 and half blind, he came in from the country with his eggs, was knocked down by a wagon. Year later he died...
Only surprise in last week's margin news was the discovery that the regulations apply only to initial extensions of credit, are not continuing requirements. The 55% margin must be met only at the time a loan is made or stocks are bought. If the stocks decline, the loan or brokerage account becomes under-margined, not in the eyes of the law, but from the viewpoint of the anxious banker or broker. The Reserve Board blandly insisted that this had been true all along...
...complete the deal he took the General American stock he bought from Mr. Milton's trust to Southwestern Life, pledging it as collateral for the $2,400,000 loan. If Southwestern were to foreclose on the loan, it would come into possession of control of itself...