Word: loans
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Dates: during 1950-1959
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...Decided to slap taxes on 6,000 building and loan associations, 600 mutual savings banks and a number of farmers' cooperatives, which have so far gone taxfree. Estimated gain in revenue: $145 million...
...Angeles, plays his cards close to his chest. No outsiders have ever found out much about the production, profits or prospects of his family-owned Harvey Machine Co. Last week shrewd-dealing Leo Harvey won a pot that made competitors gasp. The pot was a $46 million Government loan designed to make Harvey the fourth biggest U.S. aluminum producer...
...broke the bottleneck was Clay Bedford, 48, a production-engineering expert on loan from Kaiser-Frazer Corp. Charlie Wilson brought him to Washington last May (at no salary) as his production troubleshooter, because he knew that Clay Bedford was the production brain behind just about every one of Kaiser's most spectacular projects...
...began dreaming big dreams. Last week it looked as if Bill Jack was ready to hop into the public eye-and public pocket-once more. He announced plans for a is0,000-square-foot factory for his camera, and the Defense Production Administration recommended a $2,000,000 "emergency" loan for him to build...
...aluminum extrusion business, Harvey Machine Co., and already had sewed up a supply of cheap power, the prime essential for aluminum, at Montana's Hungry Horse Dam. Interior agreed that if Harvey could raise $7,000,000, it would approve a $46 million loan for him. When Harvey raised only $3,500,000 and promised to raise the rest by selling stock, Interior asked DPA to make the loan anyway. But last week DPA, in a quandary over Harvey's terms, was not sure it would approve the loan...