Word: bond
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Dates: during 1950-1959
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PRIEST RAPIDS power project, first test of Eisenhower's "partnership" policy, cleared its last big hurdle when the Washington state legislature approved long-term sale of its surplus power to private utilities. The dam will be built by the Grant County Public Utility Districts and financed by a bond issue. The $361 million, 1,000,000 kw. Columbia River project will be one of the largest in the U.S. Scheduled completion date: summer...
...closer to owning a sizable chunk of MoPac's new common stock. Since MoPac went bankrupt in 1933, its common, 49% held by Young's Alleghany Corp., has usually been considered worthless. Four times the Interstate Commerce Commission tried to reorganize MoPac, but because each plan included bond or preferred stockholders and excluded common shares, Young blocked the moves in the courts. Finally, Young and MoPac's trustee compromised, agreed Young would have 10% (biggest single block) of the new common stock after reorganization (TIME, May 24). Last week a federal judge in St. Louis approved...
...Knute Rockne. There is also a glimpse of another of Maher's favorite lads: a blond, pink-faced boy named-Dwight Eisenhower (played by Harry Carey Jr.). ^ There is plenty of competent acting in Gray Line, by such regulars as Power, O'Hara, Donald Crisp and Ward Bond, and a few laughs, too. Mostly, though, there are too many attempts to drive the Point home with a mixture of weeping and corn...
...yesterday the Soviet Union and Communist China signed a treaty of friendship, alliance, and mutual assistance between the two countries. Since that time, and including last week's change in Russian leadership, nothing has happened to weaken the alliance--in fact, recent developments indicate a strengthening of that bond...
Under the new Khrushchev plan, Soviet consumers will not only get fewer of these luxuries, but will have less money to spend on them. The Soviet budget, while promising no increase in taxation, announced a new government bond issue, expected to bring in twice the amount of money as that launched in 1954. Khrushchev postponed the promised good times: "A better life in five to six years instead of consumer goods in a year or two." The new budget increases Soviet military appropriation 12%, enough to give internal weakness an outward show of strength, but it is below...