Word: depositing
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Dates: during 1950-1959
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Three years ago, Raytheon Co. of Waltham, Mass, set out to see what it could do to cure these shortcomings. Its scientists started with the knowledge that when carbon-rich gases are put in a lab furnace and decomposed by high heat, they sometimes deposit carbon in the form of a peculiarly dense graphite. At first this stuff was only a laboratory curiosity, and for a long time no one made it in quantity or thoroughly tested its properties. But after considerable experimentation, Raytheon's furnaces yielded a hard, impermeable, layered material that looks like black porcelain. Called Pyrographite...
...Overnight all 1,000-and 500-rupiah notes were arbitrarily cut to one-tenth of their value (though smaller bills were not changed); 90% of every bank deposit over 25,000 rupiahs was frozen, so that the money could be seized for obligatory long-term loans to the government, and banks were closed for two days to straighten out their accounts and report to the government. A new exchange rate of 45 rupiahs to the dollar was proclaimed. All this was done to the accompaniment of denunciations by Sukarno of "vulture capitalists." Added he: "Whoever scoops up wealth...
...fund of their own; soon it was known as the Lowell Trust, after the Lowell family treasurers, who began running it in their spare time during the Civil War. In 1922 the job fell to a modern and most civic-minded Lowell, astute Banker Ralph of the Boston Safe Deposit & Trust Co. By last week, when he finally decided to hand the reins over to Harvard itself, the fund had lent $1,435,969 to 10,500 Harvard students, including eight who became college presidents,* two Massachusetts governors,† 60 college professors...
...Mineral Deposit. In Dayton, after paying $15 for a C.O.D. package marked "fragile," Mrs. Dorothea Johnson found it contained a 10-lb. chunk of cement...
...airline flight insurance, Charlotte, N.C. Businessmen Walter Shapiro and Morris Speizman thought up Insuratrip, Inc. Motorists seeing an Insuratrip sign at gas stations dial a designated local agent's telephone number, buy coverage at the rate of 25? per $2,500 per day, up to $25,000, deposit coins in a coin box placed close to the telephone. The policy itself is mailed to the insured's beneficiary by the agent. In operation only since December, Insuratrip now does business in four eastern states, has applied for permission to operate in 30 more...