Word: repaid
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...Harvard background, social connections, family tie-up with J. P. Morgan & Co., his brokerage business apparently went from one financial crisis to another. In 1926 he was so hard-pressed for funds that he hypothecated the funds of his wife's trust fund for a firm loan, subsequently repaid it. In 1929 his brother lent him $500,000. In 1930, same year he became president of the Exchange, Richard Whitney began misusing securities of the New York Yacht Club. By 1931, Depression had nicked him so badly that he used his position as a director of the Corn Exchange...
...operational expenses and contribute the fellowships for study under the Bureau. At the most, Harvard furnishes a few facilities. Hence, the Bureau has no restraining obligations here, is perfectly free to leave whenever it so desires. Any debt which it owes to Harvard for publicity has been amply repaid in kind...
...sister (Harvard University and St. Paul's School are residuary legatees). Richard Whitney was co-trustee of this fund. According to Mr. Dewey, in 1932, 1937 and 1938 Dick Whitney hypothecated its securities for loans of $100,000, $100,000 and $400,000. The first two loans were repaid, but not the third, which was obtained through Public National Bank in January...
...parity price. Like the "nonrecourse loans" currently being given, on cotton, these loans are in effect Government payments in advance to the farmer for his crop at a fixed price almost certainly higher than the market price he will get when he sells it. They need not be repaid and bear no interest, although if the farmer stores his crop in a Government warehouse he may be liable for storage charges. A referendum on a marketing quota will be held when supplies reach 940,000,000 bushels...
...greatest rival was Sir Joshua Reynolds, head of the Royal Academy, to which he also belonged. Their relations had always been strained. Tom was unreasonable in the matter of hanging his own pictures; he ignored his colleagues' invitations and never repaid their visits. Reynolds, on the other hand, treated him with great friendliness and respect, terming him the "first landscape painter in Europe...