Word: loans
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Dates: during 1930-1939
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...solid whole, Italian painting had fallen to such low estate that Author Edmond About could justly say that Italy was "the grave of painting." Last week the Royal Italian Government, the College Art Association and the Italy American Society collaborated to bring to Manhattan's Rockefeller Center a loan Exhibition of 90 pictures by 29 young Italians intended to show how far from the grave Italian art had risen...
Last week's other squabble was between the Brown Brothers, Harriman & Co. management of Standard Investing Corp. and Phoenix Securities Corp., dominated by Wallace Groves, a secretive onetime small-loan banker from Baltimore. Controlling some 25% of Standard Investing's stock, the Groves faction had a good talking point in Standard's investment record, which could hardly be called impressive. On the other hand, Wallace Groves catapulted Phoenix Securities' assets from $2,000,000 to $9,000,000 in the past few years...
...names of Joseph Silverman and his brother Nathan have been ringing notoriously around Washington in connection with the sale of Army goods. Congressional committees have investigated, and grand juries have probed. Nine months ago Colonel Alexander Elliot Williams, onetime Assistant to the Quartermaster General, was cashiered for accepting a "loan" from a salesman on a large automobile contract (TIME, June 3). Two months ago Colonel Williams and the Silvermans were indicted for conspiracy to defraud the Government in connection with the same contract...
...replace spans and causeways with steel structures, $1,800,000 to do it with wooden trestles. Another $500,000 is needed for other hurricane damage. "After making inquiries of bankers and officials of the RFC," gloomed the bondholders' committee last week, "the receivers report that application for a loan to finance reconstruction of the Extension would not be looked upon favorably." In other words, the 128 miles of over-water railroad will probably be abandoned. Only hope is the Flagler will. The receivers have won the first round of a legal battle to compel the Flagler trustees to come...
...Frank Akin, a Portland, Ore. public accountant, was found shot dead in his apartment. Two days later one Mark M. Israel, a Portland jeweler and loan broker who had employed Akin to audit his accounts, gave police and a Portland Oregonlan reporter a sensational clue which he said Akin had confided to him. His story was that Akin had had a mistress who had frequently threatened to kill...