Word: cashing
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Dates: during 1950-1959
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...time he was through, the count had written checks for $71,000 worth of bric-a-brac. The count's secretary, taking advantage of an old French custom, scurried around to each merchant and demanded 10% commission on everything his master had bought. He collected, in cash, some 2,000,000 francs ($5,700). The count busied himself by making a fast deal with the livestock on his newly acquired farm, selling part of it to one buyer for $8,500, the rest to another for $3,400. The count insisted on cash...
...upcoming Twenty-One (Sept. 12, 10:30 p.m.), according to the network's boasts, offers "unlimited cash awards." If a contestant continues to beat his challengers, he can keep coming back to fatten his purse until he is defeated. ("After that," asks one TV critic, "where will giveaways...
...Post, the Toonerville trolley of U.S. journalism, went back on the tracks last week after a derailment that put it out of circulation for eight days. It was the second time in six weeks that Publisher John Fox's morning daily had been forced by sheer lack of cash to stop publishing. But this time self-made Financier Fox, 49, did not come back to the controls. He stepped aside by declaring the Post bankrupt, and three court-appointed trustees began trying to dig the paper out of its $2.2 million pile of debts...
...competition for cash, borrowers are turning from the securities market to the banks; expansion loans to business by banks since the first of the year have soared nearly $2.5 billion (to $28.6 billion-150% more than the increase in the same period last year). At the same time, businessmen have been borrowing funds for long-term projects on the short-term market, hoping that interest rates will come down. Meanwhile, to damp down the demand for credit, the Federal Reserve has let the overall supply of lendable bank funds dwindle...
Many business leaders are becoming increasingly aware that management cannot play an effective role in politics merely by contributing cash in election years or leaping into the fray when threatened with hostile legislation. If business is to live up to its social responsibilities, they argue, businessmen will have to devote to politics the inventiveness and drive that they lavish full-time on their jobs. Says U.S. Chamber of Commerce President John S. Coleman: "We must have a point of view−a philosophy that will permit us, instead of resisting change, to play a creative role in controlling and directing...