Word: broker
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McCarthy had entered the Marines a poor man. He had 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...
...frequently account for almost 10% of all Big Board trading. Since it is only 7 a.m. on the Coast when the New York Exchange opens at 10, Stockbroker Thomas O. Peirce wakes his biggest customers with a telephoned word on how G.M. (the bellwether they follow) has fared. Explains Broker Peirce: "G.M.-that means good morning...
...Blevins Davis' lawyer had a ready answer. The statute of limitations had already run on the assault cases, and as for the rest, Collins didn't have a leg to stand on-after all, he wasn't a licensed marriage broker. Furthermore, the lawyer added, Client Davis denied the whole story...
...morning while shaving, Wolcott Ferris, prosperous insurance broker, froze before his bathroom mirror as if he had seen a shrunken head. He had seen something worse: his shrunken self. "What are you missing?" he asked his blue-grey eyes. "Why the hell do you exist? Why do you go on living?" Why had life been picked clean to the bones short...
Hearst had greater troubles: for the first time in his life, he was desperately strapped for cash. The old man swallowed his pride, and turned over financial control of his overextended empire to a board of regents headed by Manhattan Lawyer Clarence Shearn and Broker John W. Hanes, former Under Secretary of the Treasury. For Hearst himself, it meant a cut in his reckless spending; for his crazy-quilt domain it meant consolidations, ruthless budget cuts. One night in Manhattan's Ritz Tower, Marion Davies did her bit: she calmly wrote out a check...