Word: businessman
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Dates: during 1960-1969
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When Memphis Businessman Luther F. Matthews, 53, put up a glossy, 60-room motel in the heart of town seven years ago, the smart hostelry money had long since been out in the suburbs. Figuring that Matthews, whose business was parking lots, just did not know any better, some of the local hotelmen charitably warned him that he was bound to flop. Some flop! By its second day, Matthews' Downtowner Motor Inn was filled to capacity, and this week in Muskegon, Mich., Matthews opens his 66th motor inn. Plans are for a new one about every nine days...
Hudgins agrees that white businessmen are responsible for draining money out of Harlem. But he has his own view of how Harlemites can reposess and increase, the wealth of their community. Every dollar which goes into the pocket of a white Harlem businessman and is spent or deposited in a bank in the Bronx or "downtown" is a dollar which does not get invested in Harlem. If businessmen and individuals can be persuaded to deposit their money at Freedom National and other Harlem banks, the banks will be able to make loans to Negroes to purchase and improve homes...
Despite his boosterish manner, Shriver is a shrewd politician. In 1957 his reputation as a businessman, tireless fund raiser and efficient president of the Chicago Board of Education resulted in a brief Sargent-for-Governor boomlet. It subsided quickly, but his friends expect another to develop-say, two years from now. "I don't have any current plan to run for office," he says, "but who knows what will happen in 1968 in Illinois?" He notes nonetheless that Governor Otto Kerner is finishing his second term, and only one man has ever run successfully for three terms in Illinois...
Just as the Dancer was in 1953, when he lost to Dark Star by a head (the only defeat of his career), Kauai King was the post-time favorite-at odds of 2-1. Owned by Omaha businessman Mike Ford, who bought him as a yearling for $42,000, he was clearly a stick-out in an otherwise lackluster 15-horse field: he had earned $125,647, won seven out of twelve races, including three stakes, and he had finished out of the money only twice in his career. True, he had three strikes against...
...Mufflers' operators include two former rabbis and a retired sea captain, while Chicken Delight restaurants have been opened by a bank teller, a beautician and a schoolteacher. Such entrepreneurs put up $6,000 on the average, but the price can vary widely. For $2,500, a would-be businessman can now open a shop selling foot-long meatballs at 90?. Car-matic auto-washing stations go for $14,800, while Lapin's pancake restaurants require a $40,000 investment...