Word: loans
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Dates: during 1930-1939
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...line parties of the early Machado days. And, in snug Paris exile, Machado was saying, "Just as I expected." Meanwhile the Chase National Bank last week submitted to President Mendieta a long argument showing why his Government should resume interest payments on a $60,000,000 Chase-sponsored loan...
Died. Jeremiah Smith Jr., 65, Boston lawyer, financial savior of Hungary as League of Nations Commissioner General in 1924-26; in Cambridge, Mass. Unknown and at first distrusted by Hungarians, he stabilized currency, controlled revenues, floated a $50,000,000 loan. Given 30 months to put Hungary on her feet, he balanced the budget in six months, rolled up a $15,000,000 surplus in a year. He declined decorations and $60,000, which went instead to establish scholarships for Hungarian students...
Promptly the Press blossomed with denials from AAAdministrator Davis that any change in the loan policy was contemplated. Senator Bankhead, author of the Cotton Reduction Program, soothingly reassured the public that loans would continue into the new crop year beginning Aug. 1. A group of Cabinet officers and Senators hurried into conference with President Roosevelt, emerged to announce that the President was entirely in sympathy with the cotton control program. Bellowed Senator Ellison D. Smith of South Carolina: "I think the same sinister forces that wrecked Hoover's farm program are at work to destroy our present cotton policy...
...price of admission will be $3 for couples and $2 for stags. Proceeds will be used for the School loan library...
...survey of 106 municipalities published last week by Manhattan's banking house of Lehman Brothers all but 24 reported an increase in tax collections, basic factor in all municipal finance. Nearly one-half the cities reporting gains, however, attributed the improvement in some degree to Home Owners Loan Corp., which doles out cash for back taxes in addition to refunding mortgages. Despite frequent crises over piffling sums for relief, New York City's credit is now better than at any time in the past four years.* More responsible than Mayor LaGuardia's Fusion administration, which has pared...