Word: debt
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Dates: during 1950-1959
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...other holdings. Says he: "Cash makes a man careless." Both he and Richardson pride themselves on the fortunes they owe. "Murchison," Richardson once said, "I'm a bigger success than you are. Some of my paper is held in London." When Murchison once decided to get out of debt, Richardson talked him out of it: "Don't do it. The day you do you'll be dead, and I haven't got time for a funeral...
Today the university's 14 divisions range from schools of business administration and nursing to education and social work, spread over 178 acres on the northeastern edge of Buffalo. But if the city has kept the campus going, the university has paid its debt in full. Of Buffalo's physicians, 70% are graduates; so are three out of four of its dentists, and a majority of its lawyers, judges and public officials...
...total of $10 to $12 billion in new money. Last week, with 1954's big volume of financing less than one-third completed, an old problem returned to haunt the Treasury Department. Last year, when Congress brusquely turned down an Administration request to boost the $275 billion debt limit to $290 billion, the Treasury managed to scrimp along under the old limit. Now, because of heavy tax receipts in March, the national debt is down to $271 billion. But it is expected to rise when corporate tax receipts fall sharply by year's end. (Corporations are paying...
...helped incorporate Weirton, W. Va., as a city (pop. 24,000), was elected the first mayor (salary: $1 for the four-year term). Under his administration the city built a hospital and a community center, extended water and sewers, to all residents, improved streets and sidewalks, without going into debt. In 1951 he won a second term without campaigning. A shirt-sleeve executive, Millsop lives in the workingman's neighborhood: his office door is open to any steelworker. He takes over as National's president from crusty, autocratic George R. Fink, 67, who founded Detroit's Great...
Bill is in three kinds of jam: 1) as an amateur bookmaker out for some ready cash, he has welshed on a ?3,000 daily-double payoff, and the man he owes is hot on his trail; 2) he can only honor the debt by selling his moldering ancestral mansion, Towcester Abbey, to an American millionairess who has qualms about its dampness; 3) his fiancee Jill misinterprets his 2 a.m. exit from the millionairess' room and promptly returns his ring. Trusty Jeeves settles these and a dozen other complications with his customary aplomb. Bill and Jill are put back...