Word: rates
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Dates: during 1930-1939
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When RFC began buying up preferred stock and capital notes to irrigate the nation's parched financial fields, it demanded 5% interest. Later the interest rate was reduced to 4%. Last week, to encourage more private financing, Chairman Jesse Holman Jones dropped RFC's interest charge another ½%. Applying to all preferred stock and capital notes now owned by the Corporation and to any more it may be able to acquire up to Dec. 31, RFC's 3½% rate will be effective from Jan. 1, 1935 to April 1, 1939. After that the rate goes back to 4% until...
When Congress authorized the RFC to make loans on slum clearance projects, Realtor French picked out the worst block in his holdings and ecstatically presented it to Mr. Jones as a worthy subject for clearance. His choice was "Lung Block," so called because of its high tuberculosis mortality rate. On it lived 650 families. In its backyards were seven jakes. On this fester Mr. French proposed to build a low-cost housing project. Mr. Jones agreed to do business, and RFC lent 85% of the required...
...Stafford's proposals. Deluged by this repudiation, Sir Stafford was content to take a comparatively minor place in the Party's national executive committee, thereby giving Labor a united front far different from the faction-riddled Conservative Party's, and making it clear that for the present, at any rate, he endorsed the milder Henderson-Morrison plan of action...
...Corp., includes such potent members as the New York Herald Tribune, Chicago Daily News, Baltimore Sim, Cleveland Plain Dealer, Washington Star, Boston Herald, St. Louis Globe-Democrat. Beginning Feb. 24 the 21 will appear with the identical Sunday* tabloid magazine called This Week. Combined circulation: 4,051,000. Advertising rate: $10,000 a page. This Week's editor will be the Herald Tribune's Mrs. William Brown Meloney (TIME, Oct. 8). She will make it more conservative than The American Weekly, with first-run fiction, tony articles...
...oldest and busiest, none can deny. Last week's accident was the first in four years for Hillman's Airways, which maintains the fastest daily air service between London and Paris. Imperial Airways, operating eleven planes across the Channel daily, boasts a personal accident insurance rate no higher than that for rail travel. For U. S. airlines the rate is eight times as high (TIME, July 30). Despite this fact, British planes fly only 2,300,000 miles per fatal accident whereas U. S. airlines in the first six months of this year flew more than...