Word: cashes
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Dates: during 1950-1959
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...three of us cajoled our landlady into providing the device we had in mind. She told us it would cost more than we could afford, but reluctantly agreed to go ahead after we put up the cash in advance. When we returned the following Saturday, sure enough, there it was. It drew enormous crowds, and caught on like wildfire. The total cost was $75-which came to $25 apiece...
...even if it could survive a debate on the scale of that which accompanied the first such proposal in 1953 and 1954, would cost a chunk of cash. The Cordiner pay scale contemplated a first-year increase in expenditure of $650 million, though the committee thought that in four to six years the plan would decrease in expense and might even be cheaper than the present system in the long...
...bonds. Furthermore, Wall Streeters thought he had made a mistake in trying to sell securities with one year as the shortest maturity. At a time when investors were trying to figure how high interest rates might go, too many of them did not want to tie up their cash for a year...
...most convincing argument against government intervention is the industrial lessons of the last few years. Booms in hifi, boating, photography, travel, frozen and gourmet foods, all come from relatively new things that tempted consumers to part with their cash. This is the real road to growth, the innovation of exciting and useful new products and industries that Government alone cannot start. It can only provide the incentive for business to improve itself. As Harvard's Slichter says: "You can't expand without demand for the product. We need less sales talk, less hot air and better quality...
...high cost of growing into a 26,000-mile line with 17,000 employees and $57 million in yearly revenues, plus a 25-day pilot strike, drained T.W.A.'s finances. When Frye proposed a new stock issue to get cash, Hughes balked, fearing the dilution of his own interest in T.W.A., and the Hughes-Frye team cracked up in 1947. Jack Frye was out of a job. Always well connected with the Democrats in Washington, Frye got a political plum, the presidency (at $97,000 a year) of the Government-held General Aniline & Film Corp. When political pressures eased...