Word: loans
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Treating audiences abroad more freely, Soviet commissars of art shipped out for loan exhibitions paintings still considered explosive at home until, in 1954, the ghost of Shchukin rose to haunt them. During a huge Picasso retrospective in Paris, Shchukin's daughter, Irene, demanded back 37 Picassos formerly in her father's collection. In a panic, the Russian embassy dispatched a small black truck to the exhibit, whisked the Picassos off the wall and to safety inside their embassy. Said Comrade Picasso: "After all, what would happen if the Count of Paris claimed the chateau of Versailles...
...River Steel was conceived at the start of the Korean war, it seemed to Kentuckians a bright idea. The Louisville area was loaded with surplus scrap that could be used to make steel. In the awakening Ohio Valley there were plenty of potential customers. With an $8,500,000 loan from the Government and the rest from private sources. Green River's $13 million plant rose near Owensboro, one of the few new U.S. steel companies in decades...
Foot on the Pedal. Working seven days a week, against local skepticism so profound that for a long while grocers refused credit to his own family, Frank Rackley slowly amassed community support that helped swing a $1,000,000 Reconstruction Finance Corp. loan in 1950. With the loan for working capital, Rackley was in business. He became one of the youngest steel presidents in the industry. With heavy Korean-war orders to help, Jessop Steel netted $400,000 in 1951, $1,800,000 in 1952. Though earnings fell to $25,000 in 1954, Jessop came back handily through the rest...
...Report added that the amount spent from the Loan Fund this year exceeded by only $1,000 the repayments received from previous loan holders...
...leased to the county for $1 a year. Telephone service has been vastly improved with 200 miles of new lines; city gas lines have been extended. Ravenswood's bank has added more than $1,000,000 in new assets in two years, and the local loan association has financed 200 new houses since 1955, figures to finance many hundreds more. About the only real worry in Ravenswood today is how to get its residents to serve on jury duty, something they once sought eagerly for its $5 daily pay. Complained one native last week: "But judge, they're paying...