Word: loans
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Dates: during 1950-1959
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...Called Democratic National Chairman Bill Boyle for a 30-minute huddle, demanded to know the details about Boyle's serving as an attorney for a St. Louis firm just before the firm got approval of its long-standing RFC loan application (TIME, Aug. 6). Truman's verdict: Boyle could keep his job with the President's utmost confidence...
...were singing a different tune. Now that the glut has pushed the price down to 35? a Ib., they want the Government to step in. Six months ago, they opposed a ceiling; now they want a higher floor. At present, under the price-support formula, they can get Government loans which assure them a minimum of 31.71? a Ib., but many want the formula revised to boost the loan level...
Boyle Recoil. Political embarrassments trailed the President all week. He told his press conference that he was still looking into charges that Democratic National Chairman Bill Boyle took fees from a St. Louis firm just before it got a big RFC loan (TIME, Aug. 6). He had hurried to defend other cronies when someone said that they had been caught with their morals down. But he kept a glum, tight-lipped silence about Boyle...
...this might have gone unnoticed if the Internal Revenue Department hadn't got curious about Jim Finnegan. Government agents called at his office to ask a few questions. A few months later, and some two years before the notes were due, Lithofold hastily paid back the RFC loan...
Short-Term Loan. In Houston, the day after he gave a pint of blood to a hospital bank, John T. Brown was badly cut by a power mower, needed a transfusion, and got his own blood back...