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...brilliantly in the satiric masterpiece of Wyndham Lewis, The Apes of God. Its period is that Slough of Despond known as the Late Thirties, and nowhere else has the moral despair of that time been better described. It calls to mind the philosophical conundrum: "If a man tossing a coin to a one-eyed beggar blinds his good eye, is his action praiseworthy...

Author: /time Magazine | Title: Books: Between Proust & Waugh | 9/26/1960 | See Source »

...with calls from people wanting to sell them pennies, Los Angeles coin dealers quit answering their jangling phones. In Ohio, a man offered a new 1960 Pontiac for a $50 bag of mint 1960 pennies. In Philadelphia, San Francisco and other cities, banks were experiencing a penny shortage...

Author: /time Magazine | Title: MONEY: For 1 | 8/15/1960 | See Source »

...penny panic broke out when a Washington coin dealer told a reporter that new 1960 pennies with flawed date numerals were "the hottest item in the coin business," bringing up to $8 apiece. When the story hit the papers, a post office in New Orleans had to put on seven extra clerks to handle the calls. An eager Philadelphian backed a trailer up to the mint, prepared to buy pennies by the bagful and take his chances. Nobody seemed to be listening when the Assistant Director of the Bureau of the Mint announced that the pennies in question were...

Author: /time Magazine | Title: MONEY: For 1 | 8/15/1960 | See Source »

...Frank J. Prince, 72, controlling stockholder of Universal Match Corp., is the man who gave the world the vending machine that can change paper money. The biggest manufacturer of coin-handling devices, his company has jumped its sales from $12.1 million when he took over in 1951 to an estimated $85 million this year. Prince owns 650,000 shares worth $39 million, takes little part in day-today operations, says, "My main task is to look ahead and plan acquisitions...

Author: /time Magazine | Title: WALL STREET: The Yankee Tinkerers | 7/25/1960 | See Source »

Ranking Redskin. Expecting at least 5,000,000 visitors a year, Freedomland will ring with coin. However elaborate, roadside shows are as old as roads, but from Massachusetts' Pleasure Island to California's Disneyland, they are boffo as never before-perhaps because restless audiences, tired of passively watching so much canned and channeled entertainment, are eager for such tangible Freedomland features as an electromagnetic dragon, real buffalo grazing the prairies, honest Indians taking passengers for rides in birchbark Chippewa war canoes (the birch bark is actually Fiberglas, and the Chippewas are mainly Cherokees, recruited by Manhattan Cherokee Arthur...

Author: /time Magazine | Title: SPECTACLES: Bizneylcmd | 6/20/1960 | See Source »

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