Word: loans
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Dates: during 1930-1939
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...would make no newspaper investments, lest the New Deal be suspected of trying to control the U. S. Press. Month ago RFC secretly acquired a third of the Tennessean's outstanding bonds from a defunct New Orleans bank which had put them up as collateral for a Federal loan. After denying the transaction for weeks, RFC sold the bonds last week for their purchase price-$200,000-to President Paul Maclin Davis of American National Bank, which already held another $250,000 of the bonds. What made this set-up look bad to vigilant publishers was the fact that...
...issue of Republic bonds. Next he turned up in the tangled affairs of Harley Clarke's Pusco [Public Utilities Securities Corp.), brought a receivership suit against the company, tried to keep RFC from voting Pusco stock which it had acquired as collateral for an unpaid loan. Says this 40-year-old bachelor: "I'm just a natural scrapper...
President Frederick Trubee Davison of Manhattan's American Museum of Natural History financed the planetarium building by persuading RFC to take $650,000 in Planetarium Authority bonds in return for a loan, to be paid off by millions of 25? admissions. But the RFC would not advance funds for a foreign-bought instrument. That problem was solved, to Mr. Davison's surprise and delight, when he was handed a check for $150,000 by Bachelor-Banker Hayden, who had been religiously stirred by a planetarium performance in Chicago (TIME...
...millionaires, who travel through Europe every summer picking up Botticellis and Anthony Van Dycks. In that case, some course should deal with the value of reproductions and prints of all sorts. At present the one move in acquainting undergraduates with art for collecting, of for the home, is the loan of etchings by the Fogg Art Museum for students rooms. The number of men who responded to the offer should convince the department that interest in objects d'art really exists, and is worth cultivating...
Then the fun begins when the usurer appears demanding his loan, which the Athenian gladly hands over, believing that it is for the house...