Word: folsoms
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Dates: during 1950-1959
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...Chairman David Sarnoff and President Frank Folsom lost more than a million dollars in paper profits because of a drop in RCA stock. Under a stock option, exercised last February when RCA stock sold at 29, Sarnoff bought 100,000 shares and Folsom bought 50,000 at 17¾ as a long-term investment, with money borrowed from the banks. But during the six months they had to hold the stock under SEC regulations, the market price tumbled. Pressed by the banks, they were forced to sell 105,000 shares in all, for a profit of roughly $290,000, taxable...
...TIME, June 1). But the hearings last week turned out to be farcically one-sided. Treasury Secretary Humphrey, instead of fully arguing the merits of the extension, was forced to defend himself against charges of lobbying for the bill. He admitted that he and Under Secretary Marion Folsom had spoken to officials of the National Association of Manufacturers and the U.S. Chamber of Commerce (both have stuck to their stand against EPT extension). Nearly all the witnesses summoned by the committee turned out to be against the extender; the respected Committee for Economic Development, pro-EPT extension, had its invitation...
Spearhead & Rib. Postmaster Oscar Shay, an enthusiastic amateur of Portales, N. Mex., recently found what is probably the first authentic bone of Folsom Man, a mysterious race of hunters who lived 10,000 years ago. Shay went bone-hunting with Jerry Ainsworth, a student at Eastern New Mexico College. Near a small stream called Blackwater Draw, they found the skeleton of a "dire wolf," a husky, toothy, carnivorous beast that died out toward the end of the glacial period...
Dire wolves are respectable finds for any amateur digger, but among the bones of this one was something even choicer: a stone spearhead with oddly fluted sides. It proved that the dire wolf had been speared and possibly killed by a Folsom hunter. It also hinted that other Folsom remains might be found near by. In Pleistocene times Blackwater Draw must have been a sizable river, just the place for ancient hunters to use as a camp site...
...near Blackwater Draw. At last he found what looked like a human bone. He took it to Archaeologist Frank Hibben of the University of New Mexico, who identified it as a human rib. Since it came from the same stratum as the dire wolf that had tangled with a Folsom hunter. Dr. Hibben believes that it is a Folsom bone, the first ever found. He hopes that further digging will turn up the rest of the skeleton. Then science will get a real look at shadowy Folsom Man, who has been known thus far only by his typical fluted spearheads...