Word: gilt
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Dates: during 1950-1959
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Director George Abbot has surrounded his chief assets with other gilt-edged securities. Eddie Foy, Jr., charged with providing much of the comedy, does well indeed when he doesn't reach too far into burlesque for his material. And since--with Mae Barnes turning the tide for By the Beautiful Sea-- this looks like a big year for fat women on Broadway, Reta Shaw is on hand to bolster numbers like "I'll Never Be Jealous Again...
...more so by estimating an interest rate of 7¼% on the shares, about 1½% more than the going rate on comparable securities. Moreover, to compensate for fears that owners might simply lose their property all over again should the Labor Party get reelected, the government provided that "gilt edges" (government bonds) may be traded for the steel shares at a ratio greater than their market value...
...shares of Eastman-one of the company's ten largest blocks of stock. Quinby, who charges between 4% and 6.8% commission (the bank charges another 1% to 2.4%), is now grossing some $120,000 a year. Besides Eastman, he now also offers three other gilt-edge stocks-Du Pont, General Motors and Standard Oil (N.J.). Quinby tells prospective customers just to ignore what the stock market does. "If it goes up," he says genially, "all the shares you own are worth more. If it goes down, you are getting bargains; your money is buying more shares than the same...
Washington's vast Federal Security Building. "Office of the Secretary," it read, in shiny new gilt letters. Beyond the door, in a mulberry-and-cream office, Oveta Culp Hobby, the nation's first Secretary of Health, Education and Welfare, was beginning the biggest spelldown of her career. She looked small and feminine behind her broad mahogany desk, but she moved with the poise and confidence of a successful business executive, as she checked "yes" and "no" on a long list of requests for appointments and telephone priorities. Now & then she paused reflectively and puffed on a Parliament, then...
...house lights dimmed on La Scala's gilt and maroon, and the packed audience sat back to size up an unprecedented debutante: Coloratura Soprano Mattiwilda Dobbs, 27, of Atlanta, Ga., the first Negro ever to win a principal role at La Scala...