Search the Archive

New York City Loan / Federal Government #237681

CBS Evening News for Thursday, Nov 13, 1975
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) New York City turns up record of 163 year old loan to federal government
REPORTER: Walter Cronkite

(New York, New York) During War of 1812 New York City lent government $1 million for defense In 1815, Mayor DeWitt Clinton asked Congress for money. Treasury Secretary A. J. Dallas outlines plan for repayment. [New York City archivist Carlyle BENNETT - says no indication loan repaid. Counting interest, government now owes NYC over $11 billion.] New York City council president Paul O'Dwyer points out matter to Treasury Secretary William Simon in letter. Bennett losing job due to job cuts. Treasury Department searching its archive.
REPORTER: No reporter given

(Studio) Repaid loan would cover New York City budget for almost 11 mos.
REPORTER: Walter Cronkite

Reporter(s):
Cronkite, Walter
Duration:
00:02:00

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.