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Nelson never even saw the $3,600,000 borrowed in its name. Munroe directed Heller to deposit the check in the bank account of Albert's Bellanca Corp., which used it to pay off the bulk of the Mastan debt. But Nelson had to start paying back the $3,600,000 loan in monthly installments of more than $100,000, including 12% interest...

Author: /time Magazine | Title: HIGH FINANCE: How to Loot a Company | 10/22/1956 | See Source »

...mineral that is used in the production of everything from fertilizers to detergents, steel and rubber. Last week Freeport tackled its biggest risk yet: President Langbourne M. Williams, 53, announced a deal to exploit one of the world's richest sulphur mines and the first large known offshore deposit...

Author: /time Magazine | Title: INDUSTRY: Sulphur from the Sea | 10/1/1956 | See Source »

...connections with two banks through which Hodge had done his double-dealing. Paschen fired the man. Then the news paper revealed the existence of a Herbert C. Pashen Employees Association "welfare fund" in the treasurer's office-made up by contributions from banks where county money was on deposit. Some of the money, the paper charged, had been used to further Paschen's political career...

Author: /time Magazine | Title: ILLINOIS: Change in the Wind | 9/10/1956 | See Source »

Beside an ice-blue lake deep in the glacier-scoured hills of central Quebec, spinning diamond drills last week probed and measured a great new underground treasure trove. In Chibougamau, 320 miles north of Montreal, the discovery of a vast deposit of copper ore has set off a lively boom in the wilderness and assured the free world an important new source of a scarce and strategic metal...

Author: /time Magazine | Title: CANADA: Bonanza in the Bush | 9/3/1956 | See Source »

Tennis Tournament participants who have fulfilled all the tourney's requirements may pick up their deposit money at Grays Hall...

Author: NO WRITER ATTRIBUTED | Title: Finals in Tennis Tournament Planned for This Afternoon | 8/16/1956 | See Source »

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