Word: deposited
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Dates: during 1970-1979
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...nation's largest dairy cooperative and a big contributor to Nixon's 1972 campaign. When it appeared that federal investigators were about to discover the gift, Jacobsen said, the pair agreed to formulate a false story that the money had remained in Jacobsen's safe-deposit box in an Austin, Texas, bank. On Oct. 29, 1973, said Jacobsen, Connally gave him $10,000 back, which Jacobsen placed in the safe-deposit box. But it was not the original $10,000, and, according to Jacobsen, Connally grew anxious that some of the bills had been circulated after...
...Treasury Secretary, and 49 of them did. If Jacobsen's story is true, it seems puzzling indeed that Connally blundered by including so many Shultz bills. The purpose of the alleged exercise, after all, was to make it seem the money had been in Jacobsen's safe-deposit box all along. Under Williams' tough crossexamination, Jacobsen also acknowledged that Associated Milk Producers Lobbyist Bob Lilly had given him a third $5,000 for Connally, but that he had no "firm recollection" of actually having passed the money on; that he had told investigative bodies on several occasions...
...when the pair learned that Lilly had told the special prosecutor's office of the payola, they concocted a story that Jacobsen had offered the money to Connally for political candidates but that he had turned it down and the cash had remained in Jacobsen's safe-deposit box at an Austin bank. To make good their story, Jacobsen told the court, Connally gave him $10,000, handing it over in a cigar box. Jacobsen said that he then deposited the money in the Austin safe-deposit...
...agents opened the safe-deposit box in November 1973, they found 16 bills in the cache that had not been in circulation in 1971. Confronted with this evidence, Jacobsen said, he decided to spill the whole truth...
There are many other reasons for a rally. Interest rates are falling-and will continue to drop-because of the new ease in the Federal Reserve's monetary policy and a decline in borrowing by corporations as the recession deepens. With bank certificates of deposit paying only 6¾% interest and bond rates going soft, investors are turning back to stocks, which, at today's depressed prices, offer both attractive dividends and prospects for hefty capital gains when the economy finally picks up. Beyond IBM, last week's great gainers were the high-yield or interest-sensitive...