Word: loans
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Dates: during 1950-1959
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Chandler scribbled the names of nine top L.A. businessmen on a piece of Times stationery. If each of these men would sign a bank loan for $1,500, Chandler said, he would sign for the balance. Thus was born the company which Donald Douglas engineered into the world's biggest (1956 net sales: $1,073,515,000) airframe company; Douglas set off a chain reaction that made Los Angeles the center of a $2.5 billion aircraft industry (Lockheed, North American, Northrop), as well as the base for the newer missiles and electronics industries...
...just as the Administration was basking in this new after-the-battle calm, an ominous cloud of another color scooted across the horizon. Heart of the Eisenhower foreign policy is the foreign aid bill that sets up a long-term economic Development Loan Fund for providing loans to underdeveloped countries. Last month the Senate voted resounding endorsement (57-25) for the plan. Last week the House Foreign Affairs Committee turned thumbs down on the Administration request, insisted on sticking with the year-to-year tradition, and recommended a $400 million slash below the $3.6 billion the Senate had authorized...
...some of the people thought that Crazy Korczak would be a better name for the venture. Financing the work with his own money, contributions and tourist admissions, Ziolkowski has not got on as fast as some of his boosters would like. They persuaded him to seek a federal loan, but when his critics objected that public funds should not be used for so tenuous a venture, Ziolkowski balked. Last week he said with a loud tone of finality: "It was not the white man that asked me to come out here, it was the Indians. Even if the Government does...
JAPAN'S FINANCIAL PINCH will be eased by $175 million loan from U.S. Export-Import Bank to be used to buy U.S. farm goods without draining low Japanese dollar supply. With the credit Japan will import U.S. cotton, wheat, barley and soybeans, for which it is No. 1 foreign customer...
When the museum is ready, the 40 Gulbenkian masterpieces now in Washington on a loan basis will be packed up and shipped off to the kind of permanent home that their collector could never find for himself but finally managed to establish for his paintings...