Word: payments
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Dates: during 1950-1959
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...Zahedi and Finance Minister Ali Amini to speed the return of the royal family estates, taken by Mohammed Mossadegh four months ago to thwart the Shah's plans to parcel out the land to landless peasants. Under the Shah's scheme, the peasants will make a small payment for the land, work it with the help of loans financed by the Shah...
...volume through a plan suggested by President Keith Funston, a Wall Street newcomer: a way of selling stock to small investors on the installment plan. Under Funston's plan, a small investor who wants to buy one share of stock may do so by making a small monthly payment (minimum: about $40) to his broker. The money will be turned over to a bank, which will pool it with funds of other investors, buying the stock and crediting the investor with whatever fraction of a share his payment represents. Funston thinks the plan will appeal to small investors...
Drafted into the Army as a private in 1942, Knowland had risen to major and was serving in France when California's Governor Earl Warren appointed him to the U.S. Senate vacancy created by the death of Hiram Johnson. California politicians generally regarded this as payment of a political debt to Knowland's millionaire father, who had started Warren on his career and whose daily Oakland Tribune had long supported the governor. In 1946 Knowland trounced Democrat Will Rogers Jr. Last year he won both the Republican and Democratic nominations with a total of 2,308,051 votes...
...Government's sale terms were stiff. Though Federal Waterways made no down payment, it must put up an operating capital of $1,000,000, pay off the purchase price within ten years on a graduated schedule of payments at 3¾% interest. Until the debt is paid, Federal can declare no dividends, and will have to pay taxes of from $250,000 to $500,000 in each of the next few years. For the next 20 years it will also have to provide about the same number of trips I.W.C. did or be taken into court by the Government...
...part of the debt problem is consumer credit, because it is so sensitive to shifts in the economy, and can cause quick repercussions on the whole economy when it becomes top-heavy. It includes installments and single-payment loans from banks, pawnbrokers, etc., charge accounts and "service" credit, i.e., money owed to such people as doctors and lawyers, and even unpaid utility bills. Compared to the total debt, consumer credit is small-a mere $27 billion. But it has risen faster than any other private debt (up from $8 billion in 1940), and is still increasing at the rate...