Word: bails
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Dates: during 1950-1959
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Just after World War II, Navy brass urged Rockefeller to bail out a sputtering rocket pioneer, Reaction Motors. Against his financial aide's advice, Rockefeller put up $500,000. After a tough decade, Reaction grew strong enough to merge with Thiokol Chemical Corp. last year, and Rockefeller got Thiokol stock that is now worth $4,200,000. In 1950, Rockefeller put $202,000 into low-flying Marquardt Aircraft Co., a pioneer in ramjet propulsion; his interest zoomed to $5,200,000 after Marquardt started making ram-jets for the Bomarc missile. But the fastest rise...
...engine quit with a grating, rasping jolt. Rankin hopefully eyed the slumping panel needles, tried vainly to coax juice from an emergency electrical generator to rouse his radio, kept his aircraft from nosing over into supersonic speed. But only for an instant; a hundred battle missions and a bail-out in enemy fire over Korea had honed his survival instincts, and Rankin knew the choice. To his wingman, Lieut. Herbert Nolan, he snapped a message over his faltering transmitter: "Power failure. May have to eject." To himself he said: "This is going to be a pretty high...
...bail out his brother...
...April 22, 1958, the Philadelphia Inquirer headlined, "Harvard Aide Held in $20,000 Bail as Red Purjurer." The aide was Zborowski, who, according to the authorities, was for 25 years "a trusted Soviet secret police agent whose reports were read personally by Stalin." When Kenneth Robertson asked for the "essential facts surrounding the case of Comrade Zborowski," Pusey replied only that he had been "appointed last Spring by the President and Fellows." Robertson wrote back as follows...
...Theodore O. Thackrey, onetime editor of the New York Post, ran into difficulties with the haulers in his attempt to publish a new tabloid, the left-wing Compass. Referred to an ex-convict (bail jumping, dope peddling) named Irving Bitz, Thackrey paid Bitz $10.000-half what Bitz demanded-for a trouble-free contract with the Deliverers. After collecting the money, Bitz introduced Thackrey to Joseph Simons, then president of the Deliverers' union. The Compass died three years later, but it had no trouble with Simons' union...