Word: lent
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Dates: during 1960-1960
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...Jenkins was in a position to swallow an entire $5,000,000 issue of bonds by the Mexican government's holding corporation, Nacíonal Financiera, without apparent strain. When a projected four-lane highway from Mexico City to Querétaro lagged for lack of funds, Jenkins lent the contractors $25.6 million to finish the job, while at the same time offering the government $80 million to help finance a new superhighway from Puebla to Mexico City. Among his reported holdings today: the Bank of Commerce, textile mills, cement plants, an automobile assembly plant, finance companies...
...Robert E. McCarthy Jr., former branch manager of Detroit's Bank of the Commonwealth, took $500,000 out of the treasuries of the Teamster organizations in Detroit and deposited the money in a non-interest-bearing account in an Orlando, Fla. bank. The bank in turn lent money to Sun Valley, Inc.-a land development company of which Henry Lower is president. The company then bought up Florida lots at about $18 apiece, and with Hoffa's help began promoting the land as a haven for retired and aging Teamsters-selling the lots at prices ranging from...
...Brazilian Amazon Development Agency lent him $125,000 to start his rubber and Brazil nut groves, but since they take seven years before they bear fruit, he planted sugar cane for a quicker crop. It grew fast- 18 ft. high. To make the most of it he had to process it into a product he could sell locally. Friends in Texas dug up $30,000 to build the distillery...
Speaking on the topic "America's and Its Impact," Morgenthau that the United States has existed since the American Revolution "not itself, but for the world." This fact, with the increasing challenge of he warned, has lent a "dual urgency and significance" to the status of States prestige...
...still not enough. Last year high schools had only 18,500 full-time counselors for 10 million students, and they argue the need for at least twice as many. The education act does not apply to elementary school guidance which is a further weakness. And while the bill lent $57 million to 115,000 college students last year, the really needy could well use federal scholarships (promised in both political platforms...