Word: cashing
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Dates: during 1950-1959
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...Chicago, Bob Toski, 27, hard-hitting, 127-lb. pro from Livingston, N.J., shot a steady 14-under-par for a null total of 274 to win the Tam O'Shanter World Championship of Golf and a first prize worth $100,000 in cash and exhibition fees. Tied for second, just one stroke and $90,000 behind: Texan Earl Stewart and New Yorker Jack Burke...
...stepped down as manager, the Grand Old Man of Baseball won nine pennants. But even when the team was winning, there were empty seats in the ballpark. In 1914 Connie broke up his famous $100,000 infield ("Home-Run" Baker, Jack Barry, Eddie Collins and Stuffy Mclnnis) for ready cash...
Hilton was not saying where he would get the cash to finance his latest coup. But the Manufacturers' Trust Co. promptly lent him $8,000,000 to make a down payment on the 753,000-share Statler-family block, and the word was that insurance firms might lend him another $66 million. The remainder will probably come from debentures and a small Hilton stock issue...
...Books. In Chicago, Auditor Chester Calvert quietly left the Sherry Hotel, where he worked, when the C.P.A.s arrived, later accommodatingly mailed an itemized list of its cash shortages...
Sewell Avery, now 80, had his eye on the future-and set company policy accordingly. By filling up the treasury until the company's present timber reserves ran out-about 1960-he could then cash in his chips as low-taxed capital gains. Other shareholders not in Avery's 91% income-tax bracket wanted hefty dividends declared along the way. Avery had enough support to sack company men who opposed him, including Treasurer Waldo G. Murphy...