Word: schatel
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Dates: during 1970-1979
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...owners asked for information about the loans, but many others were skeptical. They said that they had been stripped bare and demolished, that all they had worked and saved for over the years was gone, that it was financially and emotionally impossible for them to start again. Declared Stanley Schatel, owner of Nice & Pretty, a badly damaged sportswear store in Brooklyn: "Get a loan? Are you crazy? You think anybody in his rightful mind would want to get back to this neighborhood?" Yet quite a few merchants were thinking of doing just that. "I have to pay off the creditors...
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