Word: loans
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Dates: during 1950-1959
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...reserve colonel, Strong during World War II was chief of the liaison branch of the Army Service Forces' international division. He came back into the Govern ment in 1947 as chief of the EGA Loan Division, joined the Ike-for-President forces in 1951. He and his wife are personal friends of Crown Prince Olav and Princess Martha of Norway. Strong's appointment was held up for 3½ months because of security investigations into reports that he had been socially acquainted with Alger Hiss...
...Repay a U.S. loan they had previously characterized as a "gift...
...boss, Kenton R. Cravens, whose agency will probably be replaced next year by a bureau making loans to small businesses only, is running things as if RFC were already going out of business. He has fired 477 staffers, laid down a rigid stipulation that a defense contractor can get an RFC loan only with a certificate that the Government has first tried-and failed-to buy from a firm that does not need a loan. Result: loans have dwindled from ten or 15 a week...
...grain country, Morse's statement was coldly received. The grain men thought the Government should provide storage facilities, as it has for years. Storing wheat is especially attractive to farmers now that the spread between the market price of wheat and the Government-loan price is the greatest on record. The farmer could sell his wheat in Chicago last week for around $2.04 a bushel. But if he stored it, he could borrow $2.54 from the Government, pledging the grain as security. If prices do not rise, he can let the Government take his wheat. One hitch: grain...
Defense Secretary Charles Wilson has now bought the Air Force argument. He has approved a new $10,000,000 loan for Titanium Metals Corp to expand its pilot plant, and a $26 million loan for Chicago's Crane Co. to build the biggest titanium plant yet planned, near Nashville...