Word: repays
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...last year banks began to balk. When they did, Peter suddenly produced "bills of exchange'' (drafts) apparently guaranteed, by such sterling-solid men as Docker and Mann. When one bank refused to give him further loans, he would "cash" another bill of exchange with another bank and repay the loan at the first. Last spring his respectable backers had enough. They resigned from the boards, refused him further financing. In June, his companies crashing around him, Peter abruptly put himself into a private sanatorium where no visitors were allowed. But one visitor got through anyway: Chief Detective Superintendent...
...Rhee's Finance Minister offered the U.S. 500 million hwan "unconditionally." When General John E. Hull, the U.S. commander in the Far East, replied firmly that he now needed 800 million, Rhee's men hastened to offer the additional amount-although they knew the U.S. would not repay at better than 500 to $1. The U.S. is still willing to reach a new exchange agreement with Syngman Rhee, but first wants it well understood that unilateral flouting of agreements must stop...
Advances in aid are not loans, but carry a moral obligation to repay, Hessler said. He expects them repaid in ten or 12 years...
...Communist is the entertainment of all sorts of inquisitive capitalists, was in the midst of an even fancier social calendar. Ethiopia's Emperor Haile Selassie, first crowned head ever voluntarily to visit a Communist country, dropped in and celebrated his 62nd birthday in Belgrade. Later this summer, to repay Tito's visit of last June, Greece's King Paul and Queen Frederika will try out Tito's growing talents as a host...
...back to Robert R. Young's Alleghany Corp. and to Young's crony and financial angel, Allan Kirby, at the same price they had paid: $25 a share. Last week they did sell a big chunk of the stock. Richardson sold 200,000 shares to Kirby, thus repaying the $5,000,000 that Kirby had lent him to buy the stock. Another 300,000 shares, in effect, went to Alleghany Corp. for $7,500,000, the money going to repay a bank loan the Texans had made for the stock purchase. Since the stock was selling for about...