Word: loans
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Dates: during 1950-1959
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...United States has already subverted its democratic principles, according to McGann, by supporting Peron in Argentina with a 125 million dollar loan, in order to secure better trade relations. "Peron's philosophy is essentially fascist and it is questionable whether the interests of democracy are best served by supporting him and other dictators who are imitating his methods even if they are as anti-communist...
North America's only known deposits of tin in commercial quantities are on Alaska's Seward Peninsula. Looking for a domestic tin source, the U.S. has laid out $2,894,576 in loans and loan guarantees to develop the low-grade (.4%) ore of the Lost River mine, 40 miles east of Siberia. Last week the Joint Congressional Committee on Defense Production, headed by Indiana's Senator Homer Capehart, issued a chilly report indicating that the U.S. was taken in by some cool customers...
...served in the Army Engineers and directed the building of B-29 bases in China during World War II. He became a brigadier general at 32 while serving as General George Marshall's assistant during the 1946 pacification attempt in China. He came to the State Department on loan from the Army and stayed...
...basis of a loan application that Capehart's committee found to be studded with misstatement, and with the help of the Secretary of the Interior's Alaska Representative Kenneth J. Kadow, Fischnaller landed a $374,000 loan guarantee from the General Services Administration in 1951. Just as the loan was issued, Kadow quit his job to become manager (later president...
...government showered more and more loans on U.S. Tin, the market value of company stock soared. From stock sales, the three founders pocketed at least $175,000, at least $85,000 of it Fischnaller's. Since the first loan. U.S. Tin has produced $283,519 worth of tin and tungsten, less than 10% of the Government investment. GSA men are hoping to salvage the operation, and speak optimistically about current production rates. But the clear conclusion is that the U.S. has lost a lot of money at Lost River...