Word: loans
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Dates: during 1940-1949
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...just under the wire of its recess for one month. He informed the war profits investigators that slick Murray Garsson had got the $5,000 on a note signed by Representative Andrew Jackson May, chairman of the House Military Affairs Committee; then both had reneged on paying off the loan...
...Mead Committee has not brought out that Statesman Andy May had anything to do with the Garssons' sudden blossoming as munitions magnates in early 1942. (The Walker loan incident indicates, however, that the May-Garsson tieup existed in early 1941.) It was an extraordinary beginning...
...Bretton Woods and the World Bank, U.N. and UNRRA, for whose charitable work it appropriated $2.7 billion. In a flurry of legislation last week before adjournment Congress accepted (with reservations) the jurisdiction of the World Court in international disputes. After seven months' wrangling, it also approved the British loan...
...Banker. John Wesley Snyder, the banker, was RFC loan administrator in St. Louis, where he applied himself to becoming a better banker and a more learned man. He got his reward in 1940 when Jesse Jones called him to Washington to become executive vice president of the Defense Plant Corp. He left after a row with Jones, went back to St. Louis and the vice presidency of the First National Bank. Then one day his friend Harry Truman telephoned him that Franklin Roosevelt had just died. "John," said a shaky Harry Truman, "you'll have to come up here...
...there much chance that the situation will improve in the near future, for England finds herself a debtor nation for the first time and is terribly anxious about her financial straits. A major worry of late has been the prospect that U. S. inflation will destroy whatever benefits the loan might bring by enabling England to buy far less in the U. S. with the extended credits. As a result, the price control battle in Washington has received news coverage second only to the loan in the British press. The English, whose price control has worked remarkably well during...