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...only twice a year, paid on the minimum balance during each pay period, and reckoned by a 360-day year, which gave them free use of the money for five days annually. Along with the new interest arrangements, to be computed quarterly, the banks will give depositors an additional bonus: money deposited during the first ten days of the month will be figured in the interest charts for the entire month; money withdrawn during the last three days will not affect the monthly rate...

Author: /time Magazine | Title: Banking: Instant Interest | 3/31/1961 | See Source »

Last April, a large number of mid-drop-outs had made it apparent that bonus" 40 spaces could be deconverted some Houses did not take this option, use "the fellows wouldn't deconvert didn't want to pay more that late in year," Watson explained. The Houses did deconvert will have to make up additional difference and then add the ired seven or eight extra spaces...

Author: By Michael S. Lottman, | Title: Houses Have to Accept More Students Next Fall | 3/15/1961 | See Source »

...catching the disease, was moved to another isolated shack, where he was exposed to an Aedes aegypti mosquito, which bit him on the knuckles of his right hand, was near death as he fought a 105° fever and lost 40 lbs., but finally survived to collect a $300 bonus, a $200-a-month lifetime pension and a special congressional medal. When asked why he volunteered, South Carolinian Hanberry replied: "It was the thing to do." After his Cuban ordeal, Hanberry never again entered a hospital until last December...

Author: /time Magazine | Title: Milestones: Mar. 10, 1961 | 3/10/1961 | See Source »

Laid low by layoffs in its coal pits and factories. Kentucky has approved the farthest-reaching of all state veterans' bonus bills and one of the first anywhere since the palmy post-Korea days. Beginning in April, the state will pay bonuses averaging $342 apiece and ranging up to $500 to every veteran of any of the last four wars (Spanish-American through Korea) who lived in Kentucky at the time he entered the service. Also eligible: veterans' widows, widowers, parents and orphaned children now under 18. Kentucky estimates that some 450,000 people will collect a bonus...

Author: /time Magazine | Title: Kentucky: Big Bonanza | 2/24/1961 | See Source »

...federal expenditure over the next five years. As the President sees it, the Federal Government should make annual grants of some $900 million to the states to build new public schools and supplement teacher salaries (based on a figure of $30 a year per pupil, with a bonus for low-income states and complex big-city plants), provide an additional $100 million for teacher-training...

Author: /time Magazine | Title: The Administration: Before the Snow Melts | 2/17/1961 | See Source »

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