Word: borrowings
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Dates: during 1950-1959
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...sold everything he owned for $3,000, turned most of it over to a broker to buy International-Great Northern Railroad bonds on margin. This investment prospered. When he returned he sold out, switched to other securities, pledged them at an Appleton bank, and played the market with the borrowed money. From 1946 to 1949, McCarthy paid no state income tax. In each year, his listed losses or interest payments exceeded his taxable income. Asked how he lived, McCarthy snaps: "Who I borrow from is none of your damned business...
Benny was a close friend of Dick Harlow, the Crimson's great coach from 1935 to 1947, and went to practice every day for 10 years, "Sometimes it would get very cold, and I would borrow a Harvard sheepskin to keep warm." Benny remembers well a closed practice scrimmage with Boston College in which the managers were turning everyone away at the fence. "Dick Harlow put a helmet on me, and when the men stopped me in spite of that, he turned to me and said, 'Come on, coach, you're coming in'. Imagine him calling me coach...
...current picture, Show Boat, is breaking box-office records across the country. In Lone Star, Metro cast her opposite Clark Gable, still one of the greatest favors in its power to bestow, and it has two more important pictures lined up for her. Other studios are clamoring to borrow her services...
Bitter Pill. San Marino's casino, its hotels and movie houses stood empty. The gamblers from Genoa stopped paying their rake-off to the government. The government had to borrow money to pay its employees, soon was issuing I.O.U.s instead of wages. Three hundred San Marinese applied for immigration visas to the U.S. Then the Communist government quit. Condemning the Communists' "stupid and egotistic policy," the legislature called for a new election, last week set up a bipartisan regency council to talk terms with Italy. Italy wouldn't budge...
Bubbling Suds. Soriano, a U.S. citizen since 1945, began his empire-building as a 21-year-old accountant in Manila's San Miguel Brewery. Within six years he rose to general manager. He plowed most of his salary and all the money he could borrow into expanding the business. Today the brewery grosses more than $30 million a year, netted $3,500,000 in 1951's first half...