Word: rente
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Dates: during 1930-1939
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Since it is hard to shoot grouse without encroaching on one of the 800 private highland moors, renting them to individuals and syndicates is a big business. Rent is usually computed on the estimated yield at $5 a brace. A moor will cost from $1,000 to $35,000 for the six-week season...
From that point money is spent with great rapidity by hosts and guests on dogs (which cost up to $40 apiece to rent), dozens of beaters ($2 each a day), a loader for each gun ($2.50 a day), shells, servants, tips, food. To bring down one grouse costs between $5 and $10. This year's Glorious Twelfth, however, dawned unpromisingly with rentals expected to total only about $1,500,000, as compared to the $7,500,000 of a peak year like 1929. That indicated that Scotsmen would be shooting a great many of their own birds this year...
...Government to a U. S. Housing Authority for pulling down noxious tenement houses and erecting low-rental dwellings in their stead. The Authority would then reimburse the Treasury by selling their own 60-year bonds (guaranteed by the U. S.) to the public. If income from the necessarily low rents fell short of paying off bonds & interest, the Government would chip in up to $20,000,000 a year-an outright subsidy, but a trifle compared to the cost of other Federal efforts to aid the underprivileged. Only tenants qualifying for the new houses would be the rock-bottom...
Mayor Wilson, an ex-officio member of the Board, pried into its records and last April made the following claims: Snellenburg's had an agreement with its landlord. Board of City Trusts, whereby, due to Depression-cut income, it could get its $682,000-per-year rent reduced; in 1933. Snellenburg's eight partners (including six named Snellenburg) withdrew $425,000 "of the profits . . . so they would get the $100,000 [rent] reduction." That agreement provided for repayment should Snellenburg's subsequently show a profit, but was subsequently granted again as an out-&-out abatement...
Last week the Board of City Trusts at a special meeting voted to rescind the rent reductions, require payment in full of the $200,000 concessions already granted. Be fore they could vote, old Francis Shunk Brown pointedly stalked from the room. Three days later, looking more than ever like a Philadelphia lawyer in a wrinkled black alpaca coat, brown trousers and shoestring tie, Mr. Brown showed up in the City Hall courtroom where the Shapiro committee was sitting. He stormed...