Word: loans
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Dates: during 1950-1959
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...Jeanne Weiss, daughter of the late Democratic Leader Irving Steingut, paid $250 for Yonkers stock later valued at $45,000. James J. Dunnigan, son of a onetime Democratic state senator who co-authored the New York pari-mutuel gambling law, bought control of the Buffalo Raceway on a loan, put his father on the payroll for a seven-year total of $182,816. James himself, and other members of his family, did even better, clearing $511,000 within a ten-year period...
...dark days of the Depression, the New Deal tried out a plan to help the housing industry. With a $1,000,000 advance from the Treasury, the Government set up the Federal Housing Administration to insure loans for housebuilding and repair, thus spur the building industry. The experiment was a noble success. FHA's first insurance was on a loan for $125 to paint a house, repair the roof and install a water tank. Since then, the agency has insured mortgages on 3,940,000 housing units, and has made a total of 16 million loans for property improvement...
Referring to the widespread loan funds which Harvard and other Business Schools can offer "an investment to be repaid in the near future in the eyes of the Business School," Rogers claimed that any large GSAS loan would be like "a millstone around a student's neck." The Business School recently announced a policy designed to allow all qualified students to attend despite financial backgrounds and problems...
...hours, has often taken students who wanted to ears extra money on jobs with him. Frank A. Coughlin at Adams House has specialized in providing noiseless study rooms for frantic pre-meds before final exams. One custodian declares that he has served "as house mother, father, confessor, and loan shop." But regardless of student friendships, all House night watchmen insist that they have never relaxed in inforcing the 8:00 p.m. pariotal rule...
Foreclosure. In Conneaut, Ohio, a stranger who was turned down for a loan by the Lake Erie Finance Co. whipped out a pistol, grabbed $200 and announced: "I need the money, and I will take it anyway...