Word: loans
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Dates: during 1930-1939
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...route. Generations passed and in 1930 Florida Congressmen got a bill passed for more surveys. In the last six years Army engineers have spent upwards of $300,000 examining 27 possible routes for the canal. After President Roosevelt's inauguration, Floridians appealed to RFC for a canal loan, then to PWA, finally to WPA, all without success until the September hurricane blew the Dixie into big black headlines throughout...
...coffin of His late Majesty (TIME, Feb. 3), two scandalized their British hosts by behaving as thoroughgoing rounders & bounders. One was the Vice-Chancellor of Austria, Prince von Starhemberg, who raised altogether too many British beakers during the week to impress favorably British bankers from whom he sought a loan for his anti-Nazi "Fatherland Front." The other was His Majesty King Carol II of Rumania, "The Horrible Hohenzollern...
...books' the bank takes the businessman's note for $25,000, which is an asset. Thus $25,000 worth of new credit money is turned loose in the country, passing from bank to bank in the form of checks. Not until the borrower pays off his loan does that money disappear from circulation. Provided he has enough capital, the only limit on a banker's power to create credit is the amount of his reserves. At present U. S. banks have excess reserves of more than $3,000,000,000, and if they could find enough borrowers...
...Kennedy's plan also provided for a bank loan of $10,000.000. to be borrowed so that working capital might not be unduly lowered by the cash paid for the Class...
Text and reference books required for use in undergraduate courses during the second half year may be obtained from the Phillips Brooks House Loan Library upon payment of a ten cent rental fee. For the remainder of this week an attendant will be present during the day-time...