Word: loans
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Dates: during 1930-1939
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...countrymen, torture women and chiefs, seize black bucks and sell them into slavery in French Gabun and Spanish Fernando Po. When a League of Nations Commission verified the practice. President King and his followers, on stern advice from Washington, resigned. Next Liberia, under President Edwin Barclay, defaulted on its loan of $2,250,000 from Harvey Firestone. In 1925 when rubber was $1 per Ib. the State Department had encouraged Mr. Firestone to start a huge rubber plantation in Liberia and lend the African Republic money to pay off its European and other debts. Mr. Firestone planted 55,000 acres...
...been retired because of the prolonged lack of recognition of Liberia. As Charge d'Affaires. Mr. Hibbard had spent long days in polite palaver with Liberian kinkywigs, long nights swatting mosquitoes and tropical vermin. Finally he proposed a deal: Mr. Firestone would cut interest on his Liberian loan from 7% to 5%; Liberia would frown on the slave traffic, try to do some-thing about disease; Secretary Hull would grant diplomatic recognition and send Liberia a minister; President Barclay would accept a "foreign" (i. e. white) adviser...
...solely on the basis of Hydro's promise to buy, the private companies sold bonds to the public to finance enormous expansions up & down the swift rivers of Quebec. For Ontario to disavow these power contracts was only one step removed from deliberately defaulting on a direct Provincial loan...
...certain big blocks of power scheduled for delivery in the next few months. That meant that the Hepburn bluff-if bluff it was-was going to be played to the last card. Hydro's announcement, however, was made just a few days before a $15,000,000 Ontario loan went on sale. And in Toronto last week, when officials in the Parliament Buildings opened the box where bond tenders are dropped, not a bid was found at any price...
Guarantor: As usual with munitions loans, Skoda and other participating firms are protected by their Government's guarantee of the entire loan, the Bolshevik bonds to be shortly listed on the Prague Exchange...