Word: loans
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Boyle referred to a Senate committee investigation into his acceptance of fees from the American Lithofold Corp. which got a loan from the Reconstruction Finance Corporation after Boyle arranged a meeting between Lithofold and an RFC director. Wrote Boyle to Truman: "A Republican member of the [Senate] committee stated yesterday that the record contains 'no evidence of illegality or moral turpitude on my part. I should add to that that I have at all times conducted myself with honor and propriety...
...some measures which the House had approved (a 10% withholding tax on dividends, a boost in long-term capital-gains taxes), and inserted others which the House had omitted. Most important Senate change: corporate taxes will be levied on undistributed earnings of farm cooperatives, mutual savings banks and building & loan associations, which are now tax free...
...George Gabrielson, chairman of the Republican National Committee, dropped in to explain why he has been getting paid $25,000 a year for looking after the $18.5 million loans of Carthage Hydrocol, Inc., a Texas corporation which makes petroleum out of natural gas. He is president and counsel of the company, Gabrielson testified, but has never tried to use "influence." He called many times on Republican Harvey J. Gunderson when Gunderson was RFC director in charge of the Carthage Hydrocol loan. He called on RFC's new boss, Stuart Symington, to talk about a delay on the payments...
Bill Mellon had started the business in 1901, simply to rescue a $5,000,000 loan which Cousin Andrew Mellon had made on some Texas oil leases. He salvaged the money so well that when he retired at 80 his empire (still 41% owned by the Mellon family) stretched from Venezuela, where only Standard's (NJ.) Creole and Royal Dutch Shell outrank Gulf's Mene Grande, to Kuwait on the Persian Gulf, where Gulf and Britain's Anglo-Iranian share more than 11 billion bbls. of oil reserves. Under him, Gulf got the prospecting rights...
This year's economic crisis is the worst since the war. Imports are already 47.5% ahead of 1950 and rearmament is cutting down exports. The third quarter dollar gap amounts to $638,000,000 and there are no new loans or Marshall money to relieve this. Beer doesn't think that the doom of economic catastrophe is inevitable. Rather, he figures on another American loan...