Word: cray
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Dates: during 1950-1959
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Mary Howe, directress of Idler's spring production announced last night that the following students will take part in Henry James' comedy "Disengaged": Renee Michelson '53, Virginia Carroll 51, Mary Shiverick 52, Marilyn Welch '51, Betty Hunt '53, John A. Mannick 1M, Milton Cray, Boston University '51, Robert B. Layzer '53, and H. Richard Uviller...
Though some bankers look aghast at this sort of nonprofit finance, hardheaded Eugene Cray thinks it makes good sense for New England. Said he: "It's a better way than giving them ten years or so of tax exemption, then have them move away. This way, they'll own a substantial investment in the village and have to assume responsibility...
Fast Runner. It was the first time Eugene Cray had built a heel factory, but in four decades of Yankee trading he had built or bought just about everything else. His hodgepodge of businesses, which gross some $3,000,000 a year, includes an oil company and 77 filling stations, four drugstores, a hotel, a theater, two bowling alleys, an auto agency, a wholesale liquor business, and a stable of money-winning harness horses. This week the new heel factory, put up in only six months, began production, turning out 30,000 pairs of heels a day. In 70 months...
Bread on the Waters. Cray thought that other New England towns might follow his example. If not many small-towners could put up $70,000 alone, Cray thinks there are 30 men who can put up $2,000 or so each in almost any town. "If they can do that," says Cray, "and get a factory payroll in town, it won't be long before they get the money back...
With the heel mill done, Cray thought he might soon build a heel-covering mill or a purse factory on the same basis, was pondering his chances of bucking potent New England power companies by putting up an independent generating plant on the Connecticut River. In any case, his financing plan was a free-enterprising alternative to talk in New England of state or city development authorities to finance such projects. "No authority," says Cray, "could have built that heel plant for what it cost me. When something like this gets into politics, if it doesn't get corrupt...