Word: fund
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Dates: during 1950-1959
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...chill drizzle, the United Mine Workers' boss warmly hailed a "new era of peace" that had brought forth one of the most impressive social landmarks in U.S. industry: a chain of ten hospitals in three states, built and operated by the U.M.W.'s welfare and retirement fund. As Lewis dedicated the chain to "those who suffered and died before us," patients and doctors watched intently from the northernmost hospital of the $26 million network, a five-story, glass-walled building so bright and strange to the Appalachian valley that miners call it "Beckley's Airport...
Though the U.M.W. welfare and pension fund was set up ten years ago and has cost the industry close to $1 billion, a series of strikes and squabbles delayed its effective operation until 1950. Since 1946, the mine operators have upped their contribution from 5? to 40? a ton. They have also accepted responsibility for the monumental task of bringing modern medicine to the industry with the second-highest accident rate (after logging) in the U.S. Unlike many unions, the U.M.W. has run the program so efficiently that a Senate subcommittee investigating union welfare funds last April called it "honestly...
Twenty or thirty years ago the traditional old grad may actually have existed at Harvard. If so, he cried for the coach's scalp whenever the varsity lost to Yale, showed up at his local Harvard Club only when football movies were being shown, contributed to his Class Fund only so that good old '98 could raise a larger Gift than '97, looked forward to his Class Reunions as the most easily rationalized binges of his life, and otherwise--unless he happened to think there were too many New Dealers on the Faculty--pretty much forgot about Harvard...
...however, to know less about Harvard's football record than about its policy in regard to "Communist" Faculty members, to work actively on the schools or scholarship committee of his local Club, to consider just what educational principles he is buying when he writes a check to his Class Fund, and to stray from the Hasty Pudding bar to a New Lecture Hall symposium at least once during a Reunion in Cambridge...
...entertainment cost Yoshio Osawa a cool $10,000. Last week, as the diehard Tigers prepared to return to the U.S. by a globe-girdling route, Charlie Caldwell announced that he and his fellow travelers had anted up more than $8,000 to set up "the Yoshio Osawa, 1925, Scholarship Fund." It will be used to send Japanese boys through Princeton. To generous Osawa the fund was a wonderful surprise. Said he hoarsely: "I was merely trying to repay the kindness shown me in America. Now my American classmates are repaying me for my kindness...