Word: loans
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Dates: during 1950-1959
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...payments are exceeding receipts, and there will be a decline in holdings this year." Now that the Government trust funds are reducing their holdings, Secretary Anderson said that the nation's private savings institutions should take up the slack. Since June, many insurance companies, savings banks, savings and loan associations and pension funds have kept out of the Government bond market, instead have been buying higher-yielding corporate bonds or stocks as a hedge against inflation...
...canny, litigious shipping tycoon, of a heart attack; in Manhattan. Ontario-born Dollar went to work at 17 for his father, succeeded him in 1931 as head of the family shipping empire, but was forced out in 1938 when Dollar Steamship Lines defaulted on a $7,500,000 federal loan. After the war, Dollar undertook a seven-year court fight with the U.S. Government for control of the ships, finally settled in 1952 for $9,000,000, half the proceeds from a public sale of the 17-vessel line...
Drumbeats and Song, the annual Radcliffe musical for the benefit of the Grant-in-Aid fund, was voted a loan of $1,600 to be paid back after the March production in Sanders Theater. Miss Rolnick noted that well over twice as much money as last year will be allotted to publicity for the show...
Fitzgerald angrily insisted his $15,750 was a legal fee, said he had worked hard for it, but admitted that he neglected to notice when the loan was made that the real-estate firm had more liabilities than assets. Informed that the shaky company has stopped building houses on the property, and the Teamsters are foreclosing their loan, John McClellan did rapid arithmetic, reckoned the welfare fund was out $700,000. Seemingly unconcerned, George Fitzgerald rosily predicted the land would make a handsome profit, despite the fact that the State Health Department refuses to approve its water facilities. The hearing...
...cost of a roof will add years to its life. Worst of all, good design, good site placement and all other things that add so much to resale value and the householders' enjoyment go unrewarded. A house designed by Frank Lloyd Wright may be assigned a value for loan purposes no higher than a house using the same materials and plans made by a builder as he goes along...