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...disbursed about $5,600,000,000, dating from the time the organization was set up under the Hoover Administration in 1932. Of this amount about $1,600,000,000 constituted grants for relief and aid of Governmental establishments and agencies and is therefore not expected to be repaid. This leaves about $4,000,000,000. Of this sum about a half billion has gone to buy preferred stocks in the banks and will of course come back in due time. Then there's about $1,200,000,000 which has already been repaid on loans. This leaves about...

Author: By David Lawrence, | Title: Today in Washington | 3/15/1934 | See Source »

John Edgar Hoover, handsome young chief of the Department of Justice's Bureau of Investigation, declined a medal awarded him by the United States Flag Association as a prime force for law enforcement. Said Sleuth Hoover: "We feel fully repaid when our endeavors are successful and inure to the public good...

Author: /time Magazine | Title: People, Mar. 12, 1934 | 3/12/1934 | See Source »

...President signed a bill providing $40,000,000 as seed loans for farmers, but took the opportunity of pointing out to the Press that of last year's $100,000,000 loans only $73,000,000 had been repaid by Jan. 1. Said he: "This 1934 loan by the Government should be considered as the tapering-off loan and should be the last of its kind...

Author: /time Magazine | Title: THE PRESIDENCY: Trade & Tariff | 3/5/1934 | See Source »

...controlled by Morris Plan Corp. of America but most of them are autonomous local institutions in which the parent company has a minority interest. Because 6% interest on the whole sum and an investigation fee (usually 2%) are deducted from the loan when made and because the loan is repaid in regular instalments, the borrower pays about 17% for the money that he actually uses. But that is better than the 42% of personal finance companies and a far cry from the loan shark to whom the sky is no limit. Last week the genial, oracular founder of Morris Plan...

Author: /time Magazine | Title: Business: New Morris Plan | 11/13/1933 | See Source »

...Homestead Unit Committee was formed, a 160-acre farm acquired. From the Department of Interior Dayton got a $50,000 loan. Homesteaders will be permitted to build their own homes along lines laid down by Architect Ernest Flagg, will be loaned money at low rates of interest to be repaid out of earnings from employment in the city or from trades and crafts in the home...

Author: /time Magazine | Title: HOUSING: Model Tenement, Model Farms | 11/6/1933 | See Source »

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