Word: cashes
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Dates: during 1950-1959
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...Similarly, while the McClellan committee checked on Hoffa, Fitzgerald hired a private eye to ogle three committee investigators. Finally, when a federal judge was rumored ready to freeze assets of two Teamster locals, Fitzgerald had $25,000 withdrawn from each local's bank account and held in ready cash "to operate, and pay any attorney's fees...
...without tiring. Billie was free to talk commerce, it developed, because he got religion 14 years ago and quit practice to become a Baptist minister. Last month Upjohn flew Billie in a private plane to Kalamazoo, there besought him (with a new hearing aid and a little cash) to demonstrate his lore...
...Anderson have to find their way out of the debris of the bond break. Within the next month, the Treasury must raise $3.5 billion in new money, the first of a series of huge financing operations over the next ten months by which Anderson must raise new cash, and refinance some $46 billion in maturing securities. With private investors scared out of the bond market, the Treasury is counting heavily on commercial banks to buy its future issues. Since the banks can turn right around and borrow from the FRB on the bonds, this will also add to the credit...
Battle for Brains. With Lehman-raised cash, Thornton and associates bought Litton, then a small microwave-tube outfit that had supplied Hughes with its best magnetrons, i.e., vacuum tubes that emit radar impulses. During the next 15 months, Litton used stock and cash to pick up half a dozen little-known firms making computers, printed circuits, servomechanisms, communications and navigation equipment. When Litton bought Digital Controls Systems Inc. in 1954, it also got brilliant Research Scientist George Steele; Steele heads Litton's work on lightweight computers that make up to 15,000 calculations per second for a plane...
...Melin and Knerr, the hoop is the biggest thing yet. Eleven years ago they opened a shop with less than $1,000 cash and plans to make slingshots. Since then they have added three dozen other toys and gadgets to their production, now employ 670. Last year they hit their first jackpot with a lightweight plastic platter, the "frisbee." They have already sold about 2,000,000 Hula Hoops (93? wholesale, a 16% gross profit), hope to sell millions more before the craze dies...