Word: mortgagee
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Dates: during 1930-1939
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Brash, racy Walter O'Hara sat quietly by in a Providence court last week while Judge O'Connell smoothed the way for cash sale of the Star-Tribune. Among prospective purchasers New York Post and Philadelphia Record Publisher J. David Stern had the inside track in this week...
The New Yorker had been partially financed by a $13,000,000 mortgage held by Manufacturers Trust Co. When this big bank surprisedly found itself making 6% on its investment under Hitz handling, it decided to give him control of other hotels it was stuck with in Depression. Created in...
Under the National Housing Act of 1934, an individual could borrow up to $2,000 from a bank-with 20% of the principal guaranteed by the Government -to improve, repair or modernize his house. He could borrow up to $16,000 from a bank to build a new house-at...
When his father and mother died in 1936, 20-year-old Robert Lee Bristow of Saluda, Va., inherited a share in a down-at-heel farm, with a $2,431 mortgage, 203 acres of depleted soil and almost no equipment. He persuaded his three brothers and two sisters to give...
Last week "King George" once more loomed on the Nevada scene with a big stack of blue chips. He let it be known that he had regained control of Hotels Riverside and Golden and stood to make considerable on a new mine. When his personal crash came, "King George'...