Wall Street banker explains low rate on money loaned
A New York banker says four percent money through Wall Street is wholesale only and not available to the general public. Large, high credit loans of $100000 or more move at lower overhead but are restricted to top borrowers and long, secured terms. Smaller, local loans incur higher costs and risk, with lenders limited by community funds and local knowledge.
MENTIONED IN THIS ARTICLE
New York
Gutedged
Jess
Ftarmer
Urge British to help colleges through donations
London April 4 A luncheon of the English Speaking Union heard H A L Fisher urge sending British billionaires to America to learn the habit of generous gifts to education. He praised Yale Harkness endowment figures and argued wealthy Britons could adopt American philanthropy to support universities and colleges. He warned Britain has much to learn from the American education system and its millionaires.
MENTIONED IN THIS ARTICLE
London
United States
England
British Isles
America
H. A. L. Fisher
Fisher
Board of Education
Canada
Yale
Harkness
Wanland
Art in Swedish hospitals brightens wards with patient input
April 4 report from Stockholm details a movement to decorate hospital wards with art chosen by patients, doctors, and art experts. Selected works aim to soothe nerves and suit ward needs, balancing era, subject, and color. Sweden already uses original Jewish art and master reproductions in some wards. Also noted: interruptions to Lima rail lines affect food flow and prices while American engineers urge a new $2 million electric plant in Jayaguuit, Ecuador.
MENTIONED IN THIS ARTICLE
Stockholm
Sweden
Moreby
Ufanewan
Jedish
Lima
Also Mentioned on This Page
Wall ST
Zheer
Jayaguit
Ecuador
Coats
Milady
Informa Dliers
Natal
Sox
Sax
Blou
Diamond Shoe & Garment Company
Paris
McCalum
Honda
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