Word: loans
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Dates: during 1930-1939
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...When a court martial found Col. Alexander Elliot Williams, onetime Assistant Quartermaster General of the Army, guilty of soliciting and taking a $2,500 loan from a salesman (TIME, June 3), it was unanimously recommended that he be accorded "clemency." The President, having pondered his case, last week was not moved to mercy, dismissed him, thereby denying him the right to $4,500 a year retirement...
Importantly in London last week Ethiopia's Envoy Extraordinary and Minister Plenipotentiary, Dr. Azaj Wargneh Martin, observed that J. P. Morgan is now in the British Isles and that it would be most gratifying if they could get together on a $10,000,000 loan. Next day an enormous limousine carried Ethiopia's envoy to Buckingham Palace and, in behalf of his sovereign Emperor Power of Trinity, the Conquering Lion of Judah, the King of Kings and the Elect of God, coffee-colored Minister Martin proceeded to decorate King George and Queen Mary...
...seven buildings (with two old bath houses and a new hotel) constitute Saratoga Spa. They cost the State of New York $6,000,000 plus a $3,200,000 loan from RFC. Saratoga Spa is the only establishment of its kind in the Western Hemisphere.* In equipment and luxury it surpasses the German Spas whose regimens of catharsis and bathing it imitates. With only two bathhouses operating last year Saratoga Spa gave 101,449 treatments at $1.25 to $1.75 a bath, $1.50 to $2.00 a colonic irrigation, 1? a tumbler of mineral water. With the whole establishment running, Saratogans expect...
...springs, letting them idle until the water table rose high enough to spurt water into the air. The State now bottles Saratoga waters, sells 24-pint cases for $4 each, expects to sell 400,000 cases a year and with the profits quickly repay the $3,200,000 R.F.C. loan...
...short of cash it approached its traditional patron by way of his brother, Edward Schwab, who now manages most of the old steelmaster's business affairs. Brother Edward said he had no funds available but if a buyer could be found for the Schwab Stutz holdings, he would loan the proceeds to the company. Forthwith the Stutz bankers produced one Samuel Genis, who took an option on the 30,000 shares and who was missing last week when SEC wanted to question him. So far as the Schwabs were concerned, the transaction ended then & there...