Word: loans
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Dates: during 1930-1939
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Returned Secretary Ickes: "The trouble with Senator Long is that he is suffering from halitosis of the intellect. That's presuming Emperor Long has an intellect." Then, tired of talk, the PWAdministrator scratched $648,000 for Louisiana off his PWA loan & grant list...
...days Napoleon gained and lost an empire. In 100 days the 73rd Congress patched together the crumbling U. S. banking system, set up the $2,000,000,000 Home Owners' Loan Corp., created NRA, substituted beer for Prohibition, confiscated all the gold in the U. S., appropriated $3,300,000.000 for public works, established CCC, TVA, FERA. AAA, cut veterans' pensions and, for good measure, put J. P. Morgan on the witness stand and a midget on his knee...
...Refinancing on this scale," said Secretary Morgenthau, "has the quality of high adventure." And reminding the country of Britain's great War-loan refunding program, which included a six-month ban on new private capital issues and a purple appeal to public patriotism, he declared: "Here we have handled this same transaction so easily, and in such a commonplace manner, that many people have undoubtedly been unaware of its nature or significance...
...that only $5,000,000 was private financing-a United Biscuit issue, notable because it included more than $1,000,000 of new capital. Most of the week's total was accounted for by $162,000,000 of Federal Land Bank refunding, a $24,000,000 California relief loan and a $50,000,000 New York City refunding issue...
Cheerily damning the Stock Exchange, the "opposition" and sundry other enemies, Promoter Andrews was last week negotiating with the Federal Reserve for a $2,000,000 direct-loan-to-industry. Sharing in the first-quarter motor boom (see p. 66), Hupp now has 3,500 unfilled orders on its books but production has been hampered by lack of cash & credit. And it was further hampered last week when the American Federation of Labor called a strike in the Hupp plant...