Word: cash
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Dates: during 1930-1939
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...hours later, a hold-up man entered Harry Millstine's station, took the cash register's contents, tersely commanded the attendant to wait on a customer who happened to drive up. Mindful of what he had seen in "Radio Patrol," Millstine turned on his pump, the robber looming suspiciously over him. The pump began to click and the measuring bell had pinged once when Millstine suddenly wheeled around. Whoosh! went the acrid stream of gasoline, in good funnypaper style, squarely between the bandit's eyes. When he got them clear again, he was in jail...
...This type of policy provides ''level premiums," a device to equalize payments throughout the life of the policy. (Actuarial tables call for premiums increasing with age.) In the usual policy the amount of pure insurance decreases each year by an amount just equal to the increase in cash value. Thus a $10,000 policy with a $5,000 cash value is really $5,000 worth of insurance plus $5,000 worth of savings. However, the savings cannot be withdrawn without surrendering the insurance. Even if the policyholder leaves the savings untouched, he cannot keep his insurance unless...
Some of the criticism has been caused by the fact that insurance companies took advantage of the 1933 bank moratorium to declare a moratorium of their own (on demands for cash). Of course, the insurance moratorium was theoretically imposed by State insurance superintendents but the legal grounds were so shaky that not a few policyholders got their cash in full by merely threatening...
...oldtime insurance counselor who joined forces with James P. Sullivan last November. Mr. Sullivan was an actuary who had been examiner for Congressman Sabath's ubiquitous investigating committee. In general Gilbert & Sullivan believe that it is smarter to buy cheap renewable term insurance, which has little or no cash value and permits the policyholder to arrange his saving and investment program to suit himself. But good term contracts are hard to find because the life companies do not like to sell them, and Messrs. Gilbert & Sullivan warn all policyholders to leave their insurance alone unless they have expert, unbiased...
First news of a series of check forgeries that have been occurring during the year leaked out Tuesday afternoon, when an unknown person attempted to cash a forged check in the Harvard Trust Company, it was learned yesterday...