Word: loans
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Dates: during 1950-1959
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...Truman Administration rattled their old bones in two U.S. courtrooms: ¶In Washington, E. Merl Young, 38, got four months to two years in the penitentiary on four counts of perjury. His major offense: telling a Senate committee he had no connection with a $10 million RFC loan to the now defunct Lustron Corp.. though he recommended approval of the loan and resigned from RFC on the day the loan was granted (to become a Lustron executive). Young and his wife (who wore the Truman Administration's original mink coat when she was a White House stenographer...
Dickerson also admitted that the Republican state committee had accepted a $25,000 "loan" from one Joseph Bozzo, a friend of Gambler Longie Zwillman, and had kept no records of the cash repayment. What about Willie Moretti's complaint about his $286,000 bribe? Dickerson knew all about it-for Willie had called at Dickerson's home (in company with Joe Adonis and brother Salvatore Moretti) and had cried, "Tell the governor and the attorney general that I don't intend to take this laying down." The governor, Dickerson went on, had been "shocked" to hear...
...Washington, a Bank of Brazil agent signed the $300 million U.S. loan granted by decision of President Eisenhower just before Brazil partially devalued "its currency last February. As finally negotiated, the loan is to be guaranteed jointly by the bank and the Brazilian Treasury, and will be repaid in monthly installments over a three-year period. For U.S. exporters, who have had to wait up to nine months for payments during Brazil's dollar crisis, the government's promise to pay off the entire $423 million backlog by July i-and to carry on thereafter...
...hospital is building a 75-bed psychiatric wing. The state, the Federal Government and local communities have cooperated in the building of 71 general hospitals, 35 health centers and 33 nursing homes. At the state capital in Raleigh last week, the North Carolina House of Representatives approved a loan fund of $50,000 a year for medical students and nurses willing to take extra work in psychiatry. The rest of the bargain: borrowers will repay their loans by serving in North Carolina mental hospitals...
...Treasury's new long-term issue was designed to 1) help relieve the U.S. of its constant sorties into the money market to refund short-term issues, and 2) provide a safeguard against more inflation by boosting loan rates all around and by tapping savings as they accumulate in life-insurance companies, pension funds and savings banks. The new bonds would also probably tap some money that would normally go into the stock market...