Word: loans
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Dates: during 1950-1959
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...budget spree, the House authorized only $3,116,833,000 for mutual security and insisted that the old year-to-year development programing be continued. The Senate, less obdurate, approved $3,617,333,000 for the entire program and upheld the President's three-year development-loan request. Last week's conference committee simply split the difference: it authorized a $3,366,000,000 program (still to come: the actual congressional appropriations) and settled for a two-year spread on development loans ($500 million the first year, $625 million the next). Commented the New York Times...
Though the socialist-minded Indian government viewed Graham with undisguised distaste, coolly turned down his suggestion for a five-year tax moratorium on small new businesses, a dozen prominent private Indian businessmen eagerly offered to co-invest some $140,000. The Punjab National Bank offered to investigate loan candidates free of charge, promised to consider later loan requests from Graham selectees...
...Ohio River valley and in the Great Lakes area as laboratories in which to test a new idea. The big idea: to encourage local farm leaders, businessmen, clergymen and others to take over and work out their own farm-improvement plans, tailored to their own needs, with technical and loan assistance supplied by their state and the Federal Government...
With the help of Rural Development, many farmers are learning to be better farmers. In Lewis County, W. Va., Rural Development last year helped twelve farmers buy 146 Western ewes. In one season they made enough from their lambs and wool to pay back the loan, this year will pocket a sizable profit from their almost vertical hillside pastures...
...charged with allowing overdrafts of $1,200,000 (TIME, Dec. 24), and his Home National Bank was closed by the Federal Deposit Insurance Corp. Last week Ellenville gulped again as the FDIC sifted through the remains of Home National (capital: $807,000). To settle Rose's gift-loan of $958,000 to the nearby Anjopa Paper Co., the FDIC agreed on a $396,000 installment-plan repayment. FDIC had no other choice; Anjopa's total worth is only...