Word: cashing
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Dates: during 1950-1959
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...present, however, most foundations are unwilling to allocate their cash for small projects. They argue that it is easier to make advance checks and evaluations on ten large grants than on hundreds of small gifts. It is also safer, they say, to give money to mature scholars completing studies than to young faculty members of less reputation who are exploring new fields...
...main change in procedure is likely to be a requirement that students use checks, rather than cash, to pay for their additional ticket applications. A cancelled check would provide any student who applied for a ticket but did not receive it with a means of verifying his application, Lunden explained...
...pastime. They form a large bloc: one Frenchman in seven is involved in the making of wine; alcohol is France's largest industry, grossing some 675 billion francs a year. But the Premier could point to statistics, too: alcoholism is costing his nation almost that much in cold cash alone: some 40% of French accidents are attributable to alcohol; alcoholism accounts indirectly for 40% of the national death rate; and the cure and care of alcoholics alone costs the French government some 150 billion francs every year...
...argue that stocks are always risky, claim that dollar averaging has not really been tested since the market has pushed consistently higher over the past four years. They also worry that in a depression, with more workers retiring early, funds will have to take big losses to raise the cash they need. On the other hand, some critics feel that fund purchases are actually too conservative; too much of the money is in blue chips and too little in riskier, but better-paying issues...
With all its success, Physicist Morse's National Research Corp. has still to pay its first cash dividend to its 1,133 stockholders. Though profits this year should jump past the $800,000 mark with revenues of nearly $5,000,000, the company will plow 50% of its income back into research, use the rest for other projects. Morse's stockholders are not likely to complain. Since 1940, National Research's original 1,000 shares have been split 150 times. The stock now sells at $23.50 a share, making an original $1 investment worth...