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...plans. The most controversial plan-and one that M.I.T. has shunned-is the contractual plan, under which a customer signs for regular monthly payments over a period of years (usually ten). The catch is that an investor who puts in $1,200 for the first year of a $100-a-month ten-year contractual plan is docked for about $500, or half the entire ten-year commission, in the first year. If the investor drops out in the first year, he loses most of his $500. The funds claim that this big "front-end load" is an incentive to steady...
...youth Frank James Gavin had as big a hero as a railroad man could wish. Hired on as a $15-a-month office boy for the Great Northern Railway, Gavin went to work for James Jerome Hill, the line's pioneering founder who flung the Great Northern across the western top of the U.S. with such impatience that he once left his snug private car to help a section crew dig the locomotive out of a snowbank...
Seventeen years later, incapacitated in hermitlike seclusion in Santa Barbara, four years before his death, he had just enough of the Sherman combativeness to fight and win a last battle for a $50-a-month Army pension that was his due for service in the War of 1898. Father Tom's entry on his pension application blank for nearest relative to be notified in case of death: his dead father, General William Tecumseh Sherman...
...Busiest hecklers: the Veterans of World War I, nicknamed "Wonnies," newly formed professional veterans organization, now luring members from the American Legion and Veterans of Foreign Wars with its promise to lobby through an automatic $100-a-month pension...
Hash &. Eggs. Harry and his wife moved into a tiny $55-a-month apartment in Harlem with Marguerite's mother, lived for the first few months on Marguerite's salary as a teacher at Bethany Day Nursery. Marguerite remembers Harry in those days-the subway-riding days -as "a big, playful animal." A friend. Painter Matthew Feinman, remembers that he was seething with racial feeling. The two of them played chess, and when they were arranging the chessmen, Harry used to say: "I'm taking the black ones, man, because they're better than the white...