Word: bank
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Dates: during 1950-1959
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...presses unfairly on small business and local government is "debatable," Martin argued. Furthermore, frustrated borrowers "would suffer infinitely more from further inflationary bites" than they do from temporary postponement of borrowing. In fact, said Martin, if he had it all to do over again he would have laced up bank credit even tighter, beginning back in late 1954, to hold inflation down. But, he added with just a hint of relenting: "The balance between savings and investment can change completely in three to four months' time...
...took a seat in Harvard Memorial Church's Appleton Chapel, dandled on his knee plump, 13-week-old Adlai Ewing IV (so christened there), son of Adlai III (Harvard '52). When the presiding minister spurned a christening offering and suggested that the money should go into a bank account for Adlai IV, Grandpa Stevenson quipped: "Here is one infant who can credit his baptism and you with his solvency...
...exciting, rewarding, and challenging form of life," is the prospect for the modern banker, remarked Gaylord A. Freeman, vice president of the First National Bank of Chicago, and the other panelists were equally optimistic...
When Rackley arrived at Jessop Steel, he found an obsolete, junk-filled plant among tall weeds at the edge of town with a $4,100,000 debt, only $7,000 in the bank and 600 sullen workers demanding $300,000 in back wages...
...netted a hefty $1,500,000. It has a new Canadian subsidiary, a new Detroit plant, new modern equipment, 1,300 employees. Its sales last year climbed above the $25 million mark. The 1950 RFC loan was retired in 16 months; a subsequent $1,000,000 loan from the Bank of New York was paid off in full last month, and Jessop now is debt-free...