Word: contract
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Each financial institution first applies to the Housing Administration for a contract under which the Government "insures" its building loans up to 20%. When this contract is issued, the bank can lend from $100 to $2.000 to a local property owner to modernize his home. The borrower need put up no collateral beyond his own good name in the community. The size of his loan is limited to one-fifth of his income. Repayments can be made in installments up to three years. In case of default the U. S. will pay the bank 20 cents on each lost dollar...
Lowell Sherman's best picture was Morning Glory but his specialty is sophisticated comedy-drama. Recently he signed a contract with Universal for whom he is now making The Night Life of the Gods. It calls for $5,000 per week if he directs, $7,500 if he also acts. Instead of rehearsing each scene under lights, Sherman rehearses the whole picture for two weeks before shooting. He has a spiky mustache, a bald dome of a head which give him the appearance of a considerate Mephistopheles. He wears linen knickerbockers and short socks. Artistic pretensions he especially despises. When...
...Cobb comports himself like a combination of Fiorello La Guardia and Charlie Chan. He says: "Honesty without experience is as water with no bucket to carry it in-Ling Po." He sets out to gain experience by discharging every dishonest employe in the city government, awarding a garbage disposal contract to the lowest bidder instead of to the grafter who expects it. When outraged politicians slip a package of incriminating bonds into his safe deposit vaults, Ezekiel Cobb decides to use brusque methods. He rounds up every malefactor in Stockport, locks them in a cellar, threatens to have them...
...England for the summer of 1914, stayed abroad to drive an ambulance in the War. Since the War, she has won 20 titles at Wimbledon (doubles and mixed doubles), innumerable minor championships, played Suzanne Lenglen in a Wimbledon singles final. Last week, equipped with a British accent and a contract to write about the tournament, Elizabeth Ryan, 43. was entered at Forest Hills. Playing in shorts for the first time in her career, she lost to Helen Jacobs in the quarterfinals...
After the Travers, Saratoga race-goers will have two more weeks in which to enjoy the contest for riding honors between two crack jockeys, 19-year-old Coucci, contract rider for Mrs. Payne Whitney, and Meade who rides for Colonel Bradley. Feature stake races for 2-year-olds in the last two weeks of the meet will be the Sanford, the Grand Union Hotel and the Hopeful. In these are entered Boxthorn and Balladier who have this year helped to make Colonel Bradley the leading owner at the track. They will run against Mrs. Payne Whitney's Plat...