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...different than if they had actually sold their own bonds in the American market and our Government had endorsed them. Had this course been followed would any one contend that the sums advanced were intended as contributions to a joint enterprise rather than loans expected to be repaid...

Author: /time Magazine | Title: National Affairs: Mr. Mellon on Debts | 3/28/1927 | See Source »

...revenue over expenditures, Messieurs, has been achieved under my direction for the first time since the War. When I assembled my Cabinet (TIME, Aug. 2), we were forced to obtain credits of 930,000,000 francs [$179,490,000] from large concerns, but every centime has now been repaid and 7,500,000,000 francs [$1,447,500,000] to our credit in the Bank of France. [Applause.] I repeat, Messieurs les Deputés 'a notable excess...

Author: /time Magazine | Title: FRANCE: Notable Excesses | 3/28/1927 | See Source »

This answer ends the Government's civil action against Mr. Doheny. His leases are canceled; he will not be repaid the $12,000,000 which he spent in building a naval oil depot at Pearl Harbor, Hawaii. The Supreme Court went further. It said flatly that the whole transaction between Mr. Doheny and onetime Secretary of the Interior Albert Bacon Fall was tainted with corruption. The jury, which found these two old men not guilty of criminal charges (TIME, Dec. 27), may well consider itself rebuked by the highest court in the land...

Author: /time Magazine | Title: JUDICIARY: Fraud? Yes | 3/7/1927 | See Source »

...days later, Mr. Heflin again stood up in the Senate. He backed up his previous charges with more charges, quoted an old testimony of an Alabama bootlegger: " 'You know Secretary Mellon loaned the Republican National Committee $5,000,000 in 1920. Only $3,000,000 has been repaid. There is a deficit of $2,000,000. Jess Smith was charged with getting that money. The plan was to have the liquor men and the breweries contribute to this fund...

Author: /time Magazine | Title: National Affairs: Again, Heflin | 12/27/1926 | See Source »

...ultimate object of the gifts. As an answer to this sentiment which, though its essential truth may be doubted is certainly receiving sufficient publicity to warrant discussion, comes the statement from the Hadmon Foundation of New York. The Foundation proposes that scholarships be granted as loans to be repaid with a low rate of interest by the recipient when he is in a position to cancel the obligation. And the Foundation presumes that such a condition would not be possible until the student had been many years out of college. The only exceptions to the rule of repayment would...

Author: NO WRITER ATTRIBUTED | Title: THE GIFT HORSE | 12/18/1926 | See Source »

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