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...AMPI corporate funds. In an elaborate effort to conceal the contribution, they directed Bob A. Lilly, assistant to AMPI General Manager Nelson, to replace the gift with an equal amount borrowed personally from the Citizens National Bank of Austin; such a personal contribution could be legally arranged. Then, to repay Lilly, AMPI asked attorneys and public relations firms with whom they had previous friendly business dealings for interest-free loans ranging from $5,000 to $56,000 each. AMPI paid back the lenders by raising their retainers. All of them now claim that they never suspected that they were being...

Author: /time Magazine | Title: POLITICS: Milkmen Skimming Off More Cream | 4/8/1974 | See Source »

...Dallas real estate group recently sold for $45,000 a parcel of virgin land that it had bought only two months earlier for a mere $6,000. To a lesser extent, inflation also benefits the typical owner of a mortgaged home. Since the value of the dollars used to repay the debt is lessening, the mortgage is, in effect, becoming cheaper...

Author: /time Magazine | Title: Business: Some Winners from Inflation | 4/8/1974 | See Source »

...because of the energy crisis. His normal supplier could not deliver in less than four months, and waiting that long would cost Wheaton a potential contract. Caulfield knew someone who had a silo full of the resin, and made a deal to borrow 40,000 Ibs. -which he will repay by turning over the resin that his normal supplier eventually delivers...

Author: /time Magazine | Title: BARTER: The Sultans of Swap | 3/11/1974 | See Source »

...corporation, turning it into a privately owned company. There is little evidence, though, to suggest that the line would be a moneymaker. If it is not, the Government will end up sole owner-at a cost of several billion dollars in debt that it would have to repay on top of about $ 1 billion in cash it will fork out to get the corporation rolling...

Author: /time Magazine | Title: RAILROADS: Christmas for Trains | 12/24/1973 | See Source »

...received the proceeds of a trust fund that had been given to her nine years earlier by Nixon's wealthy friend Elmer Bobst, then the chairman of the Warner-Lambert pharmaceutical company.) Tricia lent her father $20,000 for purchase of the Florida property, and Nixon promised to repay her that amount plus 40% of whatever profits he might make. On Dec. 28, 1972, Nixon sold the property for $150,000, making a profit of almost 300% on his investment. Tricia received $65,000 as her share, and paid capital gains taxes of $11,617. The White House statement...

Author: /time Magazine | Title: The Nation: The President as Taxpayer: The Accounting | 12/17/1973 | See Source »

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