Word: cash
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Dates: during 1950-1959
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...selling off plants of Pratt-Whitney, a subsidiary machine-tool maker (no connection with the aircraft-engine firm), Silberstein raised $4,500,000 in cash, then leased back the plants for 30 years at a total rental of $30.9 million...
Under oath before SEC, Silberstein angrily denied any personal profit, said that his operations are perfectly legal methods of buying stock without paying more cash than Penn-Texas can afford. The stock, said he, was bought through the web of intermediaries to 1) avoid pushing the open-market price higher, and 2) get it from sources who would sell it on credit or agree to later delivery and payment. Despite the high premiums, said Silberstein, Penn-Texas bought Fairbanks, Morse stock (now about $57) at an average $52 a share...
Cord was not the only one to make a killing on the deal. The claims had been discovered in 1953 by a La Sal, Utah ranch foreman named Zeke Johnson, whose son Jimmy was one of Steen's first miners. Steen, short of cash, had asked Jimmy Johnson to find a camp cook, and Jimmy talked his mother into taking on the job. In return, Steen gratefully told the Johnsons to look over some promising rock formations ten miles north of Mi Vida. Zeke Johnson did, and staked out his claims. They were so promising that Cord...
...Huston, director of The Treasure of the Sierra Madre, The African Queen and Beat the Demi. And Huston, as nobody will be surprised to hear, has developed his unsubtly sensational theme into a big, slick composition that might appropriately be described as a rhapsody expressly composed for a thousand cash registers...
...Vincent Peale's "positive thinking" is available in a new container. In keeping with Peale's injunction to "think big, believe big. act big," his publishers are planning big (first printing: 100,000 copies) and spending big (initial advertising budget: $45,000). They also expect to keep cash registers Pealing merrily with an offer to book dealers: 15 copies free for every 100 orders of the pastor's backlog, e.g., The Power of Positive Thinking, A Guide to Confident Living...