Word: repaying
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Dates: during 1930-1939
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...most eminent caller was Ambassador to France ''Bill" Bullitt, one of the most trusted of his foreign emissaries. Unlike other Presidents, who frequently filled diplomatic posts to repay political debts to party fat-cats whom they were glad to have out of the way, Franklin Roosevelt has stationed two of his favored advisers, Joe Kennedy and Bill Bullitt, in important embassies abroad. Last week Mr. Kennedy in London advised Democracies and Dictators to learn to get on together in the same world...
Youngstown Sheet & Tube Co., sixth largest U. S. Steel producer, $30,000,000 in 4% convertible debentures-$12,500,000 to repay bank loans, $17,500,000 for expansion. The issue, postponed when it was first proposed last October, sold sluggishly. Underwriters headed by Kuhn, Loeb & Co. and Smith, Barney & Co. were said to have nearly $4,500,000 left on their hands...
Last week Toronto officials tried to get all this relief money back from the four mothers, fecund winners of Toronto's famed "Stork Derby" which paid out $425,000 (TIME, June 13). The day they got their prize money the mothers spontaneously chorused: "We will repay every cent of the relief we received...
...wage cut if a bill for railroad relief was allowed to pass Congress, the session closed without anything being done for the railroads. Result: unless the Interstate Commerce Commission closes its eyes to the facts, and certifies to the RFC that the hard-pressed roads can repay loans made to them (the necessary requisite for RFC loans), it is highly likely that within a few months most U. S. railroads will be bankrupt...
...Zanzibar's 15,000 Indians used to be in the clove business. As they prospered, they became moneylenders to the natives. Then, in the first year of Depression, the price of cloves fell and they foreclosed mortgages, became landowners. The Sultan, partly to protect his subjects, partly to repay the Resident for advice, set up a Clove Growers' Association consisting of the most substantial of Zanzibar's Englishmen. The association's powers were great: It has an export monopoly and it bought at its own price; Indians could go on dealing within the island, but they...