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...Calvin Coolidge rather than Sumner Welles sense), he has no hobbies, makes no picturesque Oriental remarks, works 24 hours a day at the unglamorous business of cementing U. S.-Chinese trade relations, and considers Chinese repayment of U. S. loans his personal responsibility. His pride: that China has repaid $2,300,000 of her previous $25,000,000 loan, is now, because of U. S. needs for tung oil and tin, ahead of schedule...

Author: /time Magazine | Title: National Affairs: Everyday Life | 3/18/1940 | See Source »

...should be made out in Morgan's favor so that he could deduct from it his advances and turn over the balance to Stevens. Thirty-eight days after making the loan Morgan received the Government's payment for 2,500 rifled Hall carbines at $22 apiece. He repaid himself the $20,000 with interest, commission, costs of rifling, packing, insurance, etc., and after that day he never had any further interest in the sale of the carbines directly or indirectly. Stevens went to Morris Ketchum and borrowed a considerable sum of money from him. When Ketchum...

Author: /time Magazine | Title: Letters, Feb. 5, 1940 | 2/5/1940 | See Source »

...true that Morgan's loan had been repaid-I make no statement to the contrary in my book-when the claim was made upon the Government for further payment. But the claim was made in Morgan's name, with Morgan, according to Ketchum, "acting as a sort of trustee in the premises" (House Reports, 37th Congress, 1861-62, 2nd Session, Vol.1...

Author: /time Magazine | Title: Letters, Feb. 5, 1940 | 2/5/1940 | See Source »

Author Davies rates Clive's military audacity higher than his strategy, denies that Plassey was the decisive battle many have called it. He does not deny Clive repaid himself handsomely for his trouble. First fruits of Plassey for Clive were $1,170,000. Clive's fortune when he returned to England shortly after was estimated at $6,000,000, one of the largest in the country. His wife's jewels were valued at $100,000 "at the very least." One Indian prince granted Clive $150,000 a year. Said witty Horace Walpole: "If a beggar asks charity...

Author: /time Magazine | Title: Books: Prelude to Suicide | 9/11/1939 | See Source »

...hand to watch proceedings was Treasurer Oliver A. Quayle Jr. of the Democratic National Committee. He took occasion to state that his party had received only a $50,000 loan (since repaid) from John L. Lewis' United Mine Workers for the 1936 campaign. Mr. Quayle next day admitted he did not know what he was talking about. U. M. W.'s 1936 gifts & loans, as reported to Congress, totaled...

Author: /time Magazine | Title: CAMPAIGN: War on Straddlebugs | 8/21/1939 | See Source »

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