Word: fund
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Dates: during 1950-1959
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Besides increasing the Waggoner empire's profits, General Manager Anderson succeeded over the years in transforming its local image from stone-hearted colossus to soft-hearted rich uncle. In Vernon, Texas, where his office was, Anderson headed fund-raising drives, got each drive off to a fast start by contributing a chunk of Waggoner funds. With Anderson's help, Vernon got a $1,000,000 Methodist church, a municipal auditorium, a recreation hall for teenagers, a Boy Scout camp...
...Dillon, longtime international banker both on Wall Street and in Government and a firm believer in the imperatives of a sound world economic policy. Gradually the President's statements on foreign aid began to soften. By last September, Anderson could bluntly tell the World Bank and International Monetary Fund meeting in Washington: "There must be a reorientation of the policies of the earlier postwar period...
...Anderson's goal is to make aid to underdeveloped countries a cooperative free-world undertaking. At the World Bank-IMF meeting in New Delhi in October 1958, Anderson sponsored a proposal to increase World Bank funds by doubling the member nations' commitments to guarantee World Bank bonds. At the same meeting, Anderson unwrapped a U.S. plan to set up an International Development Association (with the U.S. contributing one-third of the capital) to make loans that, unlike World Bank loans, would be repayable in the borrowing country's own currency, no matter how soft. At the World...
...Radcliffe Development Fund has passed $5.5 million in its ten-year drive for $10 million, Robert I. Hunneman '28, National Chairman of the Fund, stated recently...
Since the total was last announced, the drive has picked up speed, especially in small donations. According to Fund records, over 5300 new donors have contributed this fall, bringing the exact total to date...