Word: cashing
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Dates: during 1920-1929
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...locomotives and even of operating funds. But financing at terms at all reasonable was difficult. President Samuel Matthews Vauclain of Baldwin Locomotive Works, perspicacious with his 70 years of activity, learned of this situation and shipped down $7,107,850 worth of engines and $1,500,000 in cash, taking in return notes which the Argentine Congress did not confirm. And for five years financiers have on occasion twitted Mr. Vauclain about those notes. Last week those notes were paid, with interest, promptly on the day of maturity...
...Colombia where he had proposed to develop that nation's resources with his Colombia-American Syndicate. Incidentally, he hoped to regain his own fortunes. His venture had failed. Perhaps word of his La Salle Street Bank had been whispered in Colombia, and the wary Latin-Americans had demanded cash in advance...
...during the panic of 1873, for many a Baltimore and Philadelphia firm. He aided Southerners after the Civil War with credit, meeting George Peabody who was doing the same thing. Here was a coincidence: both men were bachelors, both had made fortunes of ten millions, Peabody by advancing cash, Hopkins by advancing credit. Johns Hopkins learned that George Peabody had given Harvard University an institute of archaeology, Yale an institute of physical science. "There are two memorials that will live forever," mused childless Mr. Peabody. "A university. . . a hospital. . . ." Childless Mr. Hopkins soon left $3,500,000 for a university...
...memory of countless bags of coffee and packages of flour and chocolate pushed across its surface, John Shedd did up his parcel, tool: the customer's coin, and stood waiting for his boss (who was usually occupied elsewhere) to come and get the change out of the cash-drawer. Time was wasted; customers grew impatient. One day a woman make an urgent petition...
...Field, Leiter & Co. Marshall Field became a rich man and became so through two business principles most unusual in the U. S. before the Civil War. He backed up every item of goods he sold with a warranty of its soundness and value and he sold only for "cash." "Cash" meant the exact day, 30 to 60 days after billing, on which a bill was due, else no more dealings with Field, Leiter...