Word: repayments
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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...
...from the National City, $100,000 from the Continental Bank & Trust, $80,000 from Public National-all against worthless stock in defunct companies. Apparently the Whitney front was so impressive that even these hard-boiled Manhattan banks never checked up on him at all. These loans he managed to repay...
...Earle is no longer able to pony up such party funds as the $35,000 he gave the Democrats in 1932 and the $140,000 he put up for his own campaign in 1934. But until last week few suspected that their Sugar Boy turned Laborcrat was unable to repay a paltry $6,000, even though the continued existence of such a debt to such a creditor would menace any politician. From the Governor's bosom friend and Philadelphia's Democratic City Chairman John B. Kelly came the only explanation. Said Mr. Kelly: "We all know that George...