Word: loans
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Dates: during 1950-1959
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Convinced that Yalemen have won their Ys in art col lecting as well as most other walks of life, Book Publisher Thomas R. Coward ('19), president of Coward-McCann, Inc., set out to prove his point with an alumni loan show at the 124-year-old Yale University Art Gallery. The result, on view this week in New Haven, is a choice selection of 250 oils, watercolors and drawings from the private collections of Yale alumni, including such well-heeled art fanciers as New York Governor W. Averell Harriman ('13), U.S. Steel Corp.'s for mer Board...
...price," he explains.) Last month when a payment came due on his 1952 car, he sold it and bought a 1950 model. With the difference, he had $275 left over to apply on other bills. He wanted a new harrow, but he looked at the size of his loan at the bank, and changed his mind. "I put in a lot of time on that old harrow," he said, "and it's good for another year...
...President's experts insist that they do not propose to liquidate inflation by squeezing the country's rotos (broken ones). They are confident that plenty of copper dollars, from new investment and current near-record prices (45? a lb.) plus a $75 million currency stabilization loan from the U.S., will bolster the peso. And to hold the price line against changeover shocks, the government gave temporary direct subsidies for vital imported goods, and raised living allowances under the social-security system for 3,000,000 rotos...
...illustration." TIME was especially pleased to join in the tributes to "Obie," as he is widely and affectionately known, for it was he who drew our first cover 33 years ago (see cut). Obie's "first" for TIME was actually the result of an impromptu loan. TIME'S young founders, Henry R. Luce and Briton Hadden, had asked advertising agency friends for advice on the art layout for their first cover. During this consultation, they decided to use the portrait of a personality outstanding in the current news-a TIME tradition ever since. The figure in the news...
...what President Nance did not spell out to his stockholders this week was the board's desperate search for a way to keep the company going. Back in January S-P had gone to the big investment bankers hoping to get a large, long-term loan. One after another, the bankers had said...