Word: cash
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Dates: during 1960-1969
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Begged, borrowed and sometimes stolen outright from the Communists, the psywar ploys cut in many directions. When the Viet Cong stopped paying in cash for staples and supplies last summer, and began issuing 1,000-piaster bonds redeemable after the V.C. victory, a U.S. psywar adviser in Camau ordered up 20,000 counterfeit bonds to be dropped in the territory. In Kien Hoa province, a South Vietnamese captain thought up a unique counter to the groups of women and old men that the Viet Cong were sending into town to protest the war. He ordered all local palm readers...
Then there is the "friendly, friendly" college recruiter who offered him 1) $10,000 in cash, 2) a new car, and 3) not one but two free scholarships (the other was for the girl of his choice) to play ball at some place other than Notre Dame. Roman Catholic Hornung had to refuse: "If I hadn't, there wouldn't be a priest in Louisville who would talk to me." South Bend, as it turned out, wasn't such a bad place after all. Paul drove a car on campus in violation of the rules...
Morrill said yesterday that there will probably be no change in the current refund rate of 8 per cent on charge purchases and 10 per cent on cash purchases until next July, when the Coop's Palmer Street annex will be completed. A cut of less than one per cent "will be a very slight possibility at that time," he added...
...share in the deal. First, the coal company will distribute its Chrysler holdings -which cost it only $45 million but are now worth $191 million-to Consolidation shareholders. In addition, Continental Oil will give the coal company shareholders $148 million in Continental stock, plus $460 million in cash against future coal production. It therefore appears on the surface that Continental will have to pay $608 million for the coal company. In fact, it will lay out only $48 million...
...coal company; that will have the effect of reducing Continentals 148 million stock payout to only $48 million. As for the "future" payout of $460 million, that will be financed by a Wall Street syndicate or other big lenders so that the coal shareholders will get their cash immediately. Continental should be able to liquidate that loan within ten years from the coal company's earnings and depreciation. Meanwhile, it can deduct the annual interest on the loan-some $27 million-from its taxable income. Judged by Consolidation Coal's recent rate of profits, the acquisition should give...