On 5 December 1926, Jacob Kowalski, an American No-Maj applied for a loan of $2,300 from Steen National Bank, while he was working at Moreton Dale Canning Factory. The loan was to be fully repaid by 1931, over a number of fifteen instalments. The loan's purpose was detailed as "business," in reference to Kowalski's desire to open a bakery. His application was rejected by the bank, on the assumption that such a bakery would not generate enough revenue.
Notes and references
Community content is available under CC-BY-SA unless otherwise noted.