Word: loans
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Dates: during 1950-1959
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...year-old President Joseph K. Milliken, Mount Hope never had a union, but paid its workers the going wages for the industry. It practiced the kind of old-style, New England paternalism that made "J.K." a popular boss. If sickness struck, he always tided employees over with a loan, sent them off to Boston hospitals in company cars...
...month ago, as collateral for a loan, Chicago's North Shore National Bank accepted twelve $1,000 Cities Service sinking-fund bonds. When they were sent to New York for checking, the bank was told that the bonds were counterfeit. The FBI went to work while the New York Stock Exchange warned investors of printing errors in the counterfeits: a narrow white border, a mottled look on their green seal, breaks in the crossing on capital...
...Congressmen are hopping around the Pacific inspecting the U.S.'s scattered trust territories; about 35 are headed for Latin America. Most Congressmen concentrated on Europe. Traveling House members swarmed into Europe to study U.S. bases, embassies, loan operations and EGA efforts...
...held was pointed straight at the reader. Steele grinned; Flo Bratten had reason to draw a bead on him. He had just broken the story of how Mrs. Bratten and Charles Shaver, counsel for the Senate small business committee, had lobbied for a $1,100,000 RFC loan to build a Miami hotel. After Steele's beat, Shaver quit his Senate job, and congressional investigators began to look into the latest RFC scandal (see NATIONAL AFFAIRS...
Evidence Found. He dredged up hints that Shaver and Mrs. Bratten had been interested in a hotel loan, followed the trail to Miami, Detroit and Minneapolis before clinching the fact that Chase & Williams represented the group seeking the loan. When Steele confronted Mrs. Bratten and Shaver with his evidence, they admitted they had tried to influence RFC. As usual, Steele did much of his news hounding by phone, a system he swears by. Says he: "People will tell you more over the telephone, sometimes, than they will when you're face to face with them...