Business & Finance: Downtown

In downtown districts last week the following was news:

¶ Manhattan's National City Bank cut the interest rate on small personal loans from 6% to 4%. "The increase in volume has tended to decrease the cost of handling an individual transaction," explained Chairman James Handasyd Perkins. National City's reduction was the first significant move toward bringing the benefits of prevailing low interest rates to little borrowers.

¶ Absorbed in bettering what he is sure is already the world's best low-priced car, Henry Ford has always tended to regard his dealers as a regrettable...

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