Word: loans
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Dates: during 1950-1959
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Without Transfusions. In the past 18 months, said Gaillard, France has exhausted its $1.1 billion Stabilization Fund and run through its $500 million European Payments Union loan; the $300 million advanced a month ago from the Bank of France's precious gold reserves "will not last beyond the end of September." For the first time since World War II France can no longer count on generous transfusions ($5.5 billions in U.S. aid since...
Ever since he first wooed the future Mrs. Graham with a mid-Depression vow ("Stick with me and we'll be on Easy Street"), Wichita's lively William L. Graham has been making the promise come true. He began with a $200 bank loan in 1936, and at 46 he is worth an estimated $20 million in Kansas oil and real estate. Along the way his talents for enterprise and friendship proved so overpowering that he once sold the late Dale Carnegie a house in Wichita an hour after they met. ("If I couldn't be myself...
...vacation plans in Bangkok, Graham called in reporters, announced a plan to give five willing and able local enterprisers "the same chance I had when I was young." He wanted "a few young guys with good ideas and initiative who believe in private enterprise." Terms: a $5,000 Graham loan to get started, profits to be shared 50-50 until the borrower could buy out Graham by returning the original loan. Said Graham: "This is business, not charity...
...when Graham reached India, where he offered to launch five more borrowers, the influential Times of India printed his picture on the front page. Scores of young businessmen who missed him in Calcutta pursued him to New Delhi, where his mailbox at the Imperial Hotel was jammed with 500 loan applications before he arrived, and the telephone never stopped ringing...
Poland, he said, is in a "tight corner" economically and needs a large loan badly. The recent American loan of 95 million is "only enough to taxi on the runway, not enough to fly," he asserted...