Word: debt
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Dates: during 1950-1959
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...Governor acknowledged that he owed Harvard a balance of 1,054 pounds from his stewardship. He acknowledged it, that is, but died in 1793 without ever having paid a cent of it. Hancock's heirs, however, promised restitution and by 1802 had paid off the whole debt plus simple interest; yet the University is still out $526 of compound interest from its unfortunate appointment...
While the University prospered along with and because of the growth in national income, in some few instances the progress of the young republic came at the expense of Harvard assets. Shares of the Charles River Bridge and the Middlesex Canal were written off as "Doubtful and Desperate Debt" after a free bridge was built alongside the one and a railroad was set up along the other. Neither the U.S. Supreme Court nor the Massachusetts Legislature would save the school from these losses...
Overlooking Prince Valiant's debt to Hopalong Cassidy, and the shoddy manfuacture of its props--even stone keeps crumble obligingly--the picture is not without a minimum of merit. It has the lovely, if generally untalented, Janet Leigh. Although much too little in view, she does brighten up Camelot considerably. There is also a fine fire at the end that features the burning alive of a few underpaid extras, plus a bit of fancy broadsword play...
Looking Forward. With German trade in Latin America already running at a rate of nearly $500 million a year, Chile, Argentina, Uruguay and Brazil are now so far in debt to Bonn that Erhard was not interested at the moment in signing new trade agreements. The only bargain he proposed in Santiago provided for the restoration of the Bayer and Merck drug properties, seized in World War II. But Erhard had bigger matters in mind. West Germany's continued progress, he said, requires wider foreign business, and Latin America, rich in raw materials and poor in machinery and manufactured...
...counts nonrailroad revenues in its profits. The fact is that the road's total revenues have increased steadily in the last five years to $165 million in 1953. Net income was equal to $12.16 a preferred share, with $7 disbursed in preferred dividends. The New Haven's debt has been cut by more than $50 million through retiring securities and the purchase of bonds, thus cutting interest charges by nearly $2,000,000 a year. Common stockholders got no dividends, says Dumaine, because of unpaid preferred dividends accumulated when the road was in the red. Some...