Word: cash
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Dates: during 1960-1969
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...Texas Attorney General Will Wilson prepared to file an antitrust suit against Estes, alleging that Billie Sol used capital gained from the grain-storage program to help him corner the liquid-fertilizer market in West Texas. Ledger accounts obtained by Wilson indicated that Estes had withdrawn $40,000 in cash from his bank account before flying to Washington in January. Even more mysterious was an Estes ledger entry showing $235,000 paid out for a "Washington project...
...many businessmen fear that the law is a prelude to outright confiscation, have been hiding their hoarded cash instead of investing it in badly needed production facilities. Some businessmen have no cash to hide. Moaned one Istanbul factory owner who was whiplashed by the alternating inflationary and deflationary policies of the Menderes regime: "In the U.S., you can build up a business and live on it for three generations. Here, in one generation I've run through three businesses." The government has kept the currency stabilized, is gamely trying to slash imports and boost exports to reduce the chronic...
Robert M. Kaufman '62 has been awarded the 1961-62 Burr Scholarship of Harvard University, presented as an unrestricted cash award to a senior "who combines as nearly as possible [the] sualities of character, leadership, and athletic ability...
Since 1954, when the Government began permitting faster depreciation, annual write-offs have more than doubled, to $25 billion last year. Largely because of this, cash flow has performed far better than profits, rising by 72% in the past decade. Last year cash flow of U.S. industry reached $34 billion-a considerably handsomer figure than the $23 billions of profits...
...HYRC has contributed $10 and the Students for Lodge pledged another $5. Last night the YDCHR Executive Committee endorsed intercollegiate elephant racing and voiced hope Harvard's entry "would move forward with, vigor." Although the Demos failed to turn in cash, the Yacht Club made a small but useful donation...