Word: cash
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Dates: during 1950-1959
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...wife (Josephine Poszywak) and the wife of his pal, Owen Bert Brennan (Alice Johnson). Test Fleet got its trucks through the good offices of a Detroit trucking firm, Commercial Carriers, Inc., which then leased the equipment back from Test Fleet. The wives invested only $4,000 in cash in the venture, borrowed $50,000 more-on a note signed by Commercial Carriers' owner...
...Orleans, Margaret graciously hosted a welcoming party. But on his third day at work Accountant Walsh happened to check through the bank deposits. "It suddenly struck me," he reported, "that there were no deposits of currency," even though the clinic daily took in as much as $300 in cash. When the shortage added up to $100,000, one of the doctors called Margaret and asked her to kindly come in and explain. Why, of course she would, she said...
...trouble is that such expansion costs more than most discounters can afford. Even with more and more self-service, Korvette's overhead has risen from 7% of sales in 1951 to around 14% (v. an average 33% for department stores). Korvette and other big discounters have the cash reserves they need to grow, but their smaller brothers do not. Traditionally, the discounters' main credit source has been manufacturers' wholesale distributors, who "carried" discounters through periodic slow periods. Even if the discounter failed, the distributor could rationalize his own loss as advertising for the products. The sagging appliance...
Social Security officials have always expected that the system might some day be temporarily strapped for cash. But they did not expect it to happen so soon or in such prosperous times. What went wrong...
Scratch One. In Philadelphia, after Detective Edward Pushkarwicz got poison ivy investigating a cash and stamp theft from a small post office, he arrested a suspect at home on finding a bottle of poison ivy lotion in the bedroom...