Word: cash
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Dates: during 1960-1969
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...millions of Americans, Christmas still goes on merrily for the full, traditional twelve days afterward. This is the season to return all the unwanted, ill-chosen, mismatching, wrong-size gifts, either for exchange, cash or credit. As a result, for the past two weeks stores have been almost as crowded as they were in the weeks preceding Christmas -although the January "white sales" are only beginning...
...slenderer than they really are while mothers assume their daughters are too fat. Teenagers, of course, decide that the clothes their parents picked for them are fresh from the Dark Ages. Mod shops like "Man at Ease" in Chicago report a lively post-holiday business in gear bought with cash derived in part from the returns at Marshall Field and Carson, Pirie Scott...
Sometimes the school is so unprepared for the unexpected gift that the donor almost gets away. In 1959, for example, Karl D. Umrath, a retired cash-register salesman, rang up the switchboard operator at St. Louis' Washington University one Saturday morning and told her that he wanted to give the university $1,000,000. Some-what dubious, the operator tried in vain to reach Chancellor Thomas H. Eliot, got no answers from several other officials. Umrath was just about to hang up when she finally connected him with the dean of the college of liberal arts. "I want...
...least 400 will be bought at a total price of $14 billion-is a staggering financial undertaking. About $5 billion will have to be pumped in before the SSTs fly any scheduled flights-and neither Boeing nor Lockheed nor any other private company has that kind of cash lying around. The alternative is that the Government, which paid 75% of the development costs and guaranteed the losers that most of their own investment would be returned, will probably have to put up about 90% of the money...
...local financing, he got Akron-based Goodyear Tire & Rubber to put a new plant in Logan, Ohio, instead of in Michigan. Similarly, when Radio Corporation of America decided to close down its Cambridge, Ohio plant, Rhodes and his development team got an inkling of interest from Dayton-based National Cash Register. "Within hours," recalls the company's vice-president for manufacturing Daniel Hughes, "they had a man here with a state plane to fly us to Cambridge." National Cash Register took over the plant...