Word: loans
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Dates: during 1940-1949
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When Dorothy T. Pearse [TIME, Letters, July1] expresses sympathy for the hungry of Europe and grows impatient with delays on the British loan and on food relief, I agree with her. But when she says she feels "a sense of shame at being an American . . ." then...
After seven dilatory months of hemming, hawing and worse words, the British Loan last week was finally passed by Congress. And it did not just squeak through; it passed the House 219-to-155) with surprising room to spare...
Champions of the loan were skeptical enough to extend themselves to unusual last-minute efforts. President Truman dashed off a special letter of appeal; Secretary of State Byrnes cabled anxiously from Paris; from retirement old Cordell Hull added more arguments to the weight of pressure...
Democratic Congressmen from cities with large populations of Jewish voters wavered before a flurry of indignation stirred up by recent British policy in Palestine. New York City's Rabbi Stephen S. Wise, a Zionist leader, set the minds of some at ease with a courageous statement supporting the loan on its own merits. Republicans from isolationist midwestern districts, however, felt no pro-loan pressure from Stassenite successes in Minnesota's primary (see Political Notes...
...pulses had spurted noticeably faster with each unbending Soviet demand at the Paris Conference. Voters who perhaps were not coming to love Britain more liked less the prospect of possible Russian autarchy in Europe. When Speaker Sam Rayburn left the rostrum to make his own personal plea for the loan, he spoke the thought which finally brought around many election-conscious Congressmen...