Word: loans
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Dates: during 1950-1959
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...that, as a lawyer, he accepted a retainer of $500 a month from Lithofold, but denied that he took any money after he became a paid official of the Democratic Party. He has also denied that he used his influence to help Lithofold get $645,000 worth of RFC loans, although a Lithofold official testified that the company's first loan was approved three days after Boyle called an RFC official on Lithofold's behalf...
...week's end, Boyle's opposite number, Republican National Chairman Guy Gabrielson, was faced with a charge similar to that made against Boyle. Delaware's Republican Senator John Williams said that Gabrielson had been trying to talk the RFC into extending a $18.5 million loan to Carthage Hydrocol Inc., an outfit which makes aviation gasoline from natural gas. Unpaid by the Republicans, Gabrielson was getting $25,000 a year as Hydrocol's president and counsel. Democrats had been tipped off to this juicy item by RFC's Stuart Symington, but the Republicans, stung...
...public library, few can point to an honest-to-goodness art museum. Santa Barbara, Calif, (pop. 45,000) is one that can. Last week culture-conscious Santa Barbara was celebrating its museum's tenth anniversary. One of the high spots of the anniversary show was a loan display of 30 modern paintings, including masterpieces by Van Gogh, Monet, Rouault and Braque...
ALUMINUM Thumbs Down for Harvey Everything seemed all set for Lea M. Harvey, an obscure Los Angeles aluminum fabricator, to become the fourth biggest U.S. aluminum producer-thanks to a $46 million Government loan (TIME, Sept. 10). But last week something went wrong. Secretary of the Interior Oscar Chapman notified the RFC and DPA that he was withdrawing his approval of Harvey's loan, which was enough to shelve it temporarily. His official reason: the grave power shortage in the Northwest, where Harvey planned to build...
...Harvey affair represented something more than a departmental slip. Before Congress he termed it "a vicious new scandal . . . perpetrated by high officials and politicians of the Administration." Since Harvey had been able to wangle a large power allotment from the Interior's Bonneville Power Administration before getting his loan approved, Saylor noted that Harvey had hired as his counsel C. Girard Davidson, one of Chapman's former assistants, who had worked with Northwest power agencies. Moreover, Saylor charged that the Harvey family, through big Democratic Party contributions, wielded potent influence on the Government. "With money he made...