Word: bushing
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Dates: during 1940-1949
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...reputed price of $1,200,000, straitlaced, teetotaling, 83-year-old Asahel Nesmith Bush ("Asahel II") sold his bank last week to branch bankers from Portland. Third oldest State bank in the Pacific Northwest, Ladd & Bush was also the region's third biggest independent. On its books were $11,220,150 deposits, $508,093 surplus & undivided profits. Once forced to take a $250,000 RFC loan, the Bush Bank nevertheless earned an average $156,400 over the last five years...
...when Asahel Bush ("Asahel I"), a young (26) Massachusetts attorney and printer, had clapped a printing press into the hold of a Yankee clipper for the 15,000-mile voyage round the Horn, lit out himself by packet boat for the rich, raw, pioneer Oregon Territory. He founded the Oregon Statesman at Oregon City, later moved to Salem when it was made the Territorial capital, became State printer, by 1862 was rich enough to retire from the publishing business...
Coaxed out of retirement by another New Englander, William Sargent Ladd, Asahel I, at 44, went into the banking business with him and one employe, a cashier. First day Ladd & Bush took in $1,450 deposits, made nine loans on which they collected $221.17 interest (12%) in advance. The bank quoted U. S. Government bonds below par, handled currency only at a discount. At day's end its balance sheet listed $51,450 assets & liabilities. That year the first transcontinental railroad came through...
...long as any Salemite can recall, the Bushes have been Salem's first family, its only millionaires. Asahel II had three sisters, the most notable of whom is quaint, petite Miss Sally, who lives in a big old house in the 40-acre "wilderness" Asahel I bought in mid-Salem, a block from the State capitol. There she cut fresh flowers each morning to pretty up the Bush Bank's lobby. There she pastured her cows. Asahel II 's son was no banker, dabbled in world travel, social pastimes. Of the grandsons, one, Asahel IV ("Tito...
Debating for the Yardlings were: Harold M. Bailin and Curtis A. Bush, affirmative, and Stanley M. Garn and Robert P. Ulin. negative. The question was: "Resolved. That the railroads should be governmentally owned and operated...