Word: millions
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Dates: during 1920-1929
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...late, also, the Russian peasant, ingenious in his discontent, has discovered yet another way of annoying the Government. Of 9,000 peasant houses destroyed by fire in one (Samara) province last year, 3,000 were due to arson. Fire insurance paid out totaled four million rubles ($2,000,000). The peasant explains with a wink: "The peasant's cottage soon grows sick and draughty. Then comes a fire-is it an accident? The peasant gets a fine new home from the Government." A cogent scratch of the nose and then a conclusion: "They take taxes...
...despite famine fears and fire, Stalin and the Kremlin pursue their plan. Last year they inspired such confidence that International General Electric Co. of New York contracted to the extent of 25 million dollars to electrify the Soviet Union...
More recently (TIME, June 17) contracts have been let to other U. S. corporations-for a 100-million-dollar hydro-electric power plant in the Ukraine (to be the world's largest); for steel mills, coal mines, apartment houses in Moscow, tractor factories at Stalingrad, etc. etc. After 1933, Industrializer Stalin promises, if there is still necessity, to turn to lesser tasks-such as keeping the population supplied with food and clothing...
...employing great wealth have not appealed to Edith, daughter of John D. Rockefeller, one-time wife of Harold Fowler McCormick, lion huntress, psychoanalyst, philanthropist, social arbiter. Her method of using her money was to incorporate herself. In 1923 she organized the Edith Rockefeller McCormick Trust, capitalized with a five-million-dollar contribution from her and $1,500 apiece from Chicago realtors Edwin D. Krenn and Edward A. Dato. Last week the E. R. M. Trust announced a new financing of eleven million dollars in five year 6% gold notes, "unconditionally guaranteed as to payment of principal and interest by Edith...
...British-American Corp. with the avowed purpose of stabilizing the price of tin at ?265 a long ton ($1,284). This price would be the equivalent of about 57 1/2 a pound as compared to last week's National Metal Exchange (Manhattan) quotations of around 45?. The one million pound capital of British-American Corp. will be privately subscribed, subscribers including Sir Hugo Cunliffe-Owen, Director of Midland Bank (world's largest), Sir John Mullins, whose brokerage firm floats loans for the British Government and the Bank of England, John Howeson, Chairman of Anglo-Oriental Mining Corp...