Word: loans
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Dates: during 1930-1939
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...proposition for immediate action for the purchase of a certain number of common shares of this Company with option on a number of further shares. . . . The Company, having authorized but not qualified shares available to meet these propositions, accepted the offer of certain of its large stock-holders to loan it the required number of shares, which were to be returned within eleven months from loan without any charge whatever. Under the agreements with the purchaser, 65,000 shares were sold and delivered to him, the payments being made cash on delivery and every dollar of proceeds going directly...
...British officers, Major General Sir Jocelyn Percy and a Major Cripps, instructors to the Albanian gendarmery, did more than anything else to prevent an open break. The cruisers were withdrawn, and last week reason returned to Puppet Zog. He was persuaded by Benito Mussolini to accept a handsome loan with which to buy more munitions from Italy. Ten thousand Italian settlers will be admitted and Italian officers will continue to command the Albanian Army...
...arranged that spectators will see only one picture at a time. Estimated cost of the building: $160,000. Since most of the building materials will be concrete and Connecticut stone, the State expects that 90% of the cost will go to labor, hopes therefore to wangle a PWA loan...
...most commercial bankers, however, the President's two personal stories seemed to suggest a formula for how not to run their business. Wall Street pundits promptly pointed out that it was just the type of loan referred to by Mr. Roosevelt which brought on most of the banking troubles of the Depression. The examiner, they said, was quite right in throwing them out because a commercial bank's proper function is not to lend money for long or indefinite periods but to keep its funds turning over with short, self-liquidating loans. The Treasury, however, pushed plans...
Typical of the frauds alleged was an item listed among New York Title's assets at the end of 1932-$30,000,000 of mortgages "available for sale." Fact was said the prosecution, $12,000,000 of these mortgages were pledged for an RFC loan, and others "in amount unknown to the grand jurors" were in default as to taxes, hence not available for sale...