Word: loans
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Dates: during 1930-1939
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Fortnight ago Senator Walter F. George of Georgia declared: "I am absolutely certain that a 12? cotton loan on the 1935 crop will be approved and announced within 36 hours." Echoed Georgia's other Senator, Richard B. Russell Jr.: "I am expecting the announcement hourly. My only regret is that the loan will not be more than 12? -say 14? or 15? a Ib." Undeterred by the fact that his two Georgia colleagues had been proved poor prophets, Alabama's Senator John H. Bankhead last week stoutly asserted: "I think a 12? loan is absolutely sure. I have...
Just one thing might buck up China today against Japan: a fat loan from the West to the Nanking Government of harassed, high-strung little Chinese Generalissimo Chiang Kaishek. Last week Japanese officials were nervous as cats lest such a loan result from the visit to China of the Paitish Treasury's biggest mobile gun, Sir Frederick Leith-Ross. bland Chief Economic Adviser to His Majesty's Exchequer, who is steaming this week toward the Far East...
...mission of Sir Frederick Leith-Ross really meant that the West was ready to loan China the sinews of battle, then at the Generalissimo's trumpet call all his generals and their hundreds of thousands of unemployed soldiers would gladly come a-running. Anyhow even a small British loan (Chinese mentioned $25,000,000 last week) would come in as handy for current expenses as did the $50,000,000 cotton & wheat credit from the U. S. (TIME, Sept...
...charge. Of the thousands of Negroes turned out of the Jenkins Orphanage at 14, he claims that less than ten have ended up in jail. Grizzled, black-garbed and oiling at 74, Daniel Jenkins is Charleston's No. 1 Negro citizen, prosperous enough to have been touched for a loan by a white Charlestonian stranded in London in the early days of the World War. The fame & fortune of the Jenkins Orphanage, however, did not come from piety alone. Taking a leaf from Booker T. Washington, who successfully raised money through his Tuskegee Singers. Daniel Jenkins began early to exploit...
Very dearly would Secretary Wallace like to get out of holding this profitless bag, stop making any more 12? loans. But with the price of cotton threatened by a crop that is huge by 1935 standards of consumption, it was last week becoming politically more & more difficult for him to refuse to make another price-pegging loan offer. In effect, he was in that unfortunate position in which Herbert Hoover's Farm Board found itself when that luckless agency tried valiantly but vainly to peg the price of wheat...