Word: glen
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...Glen Oaks, said he, had bought land for the apartments for less than $1,000,000 but got FHA-insured mortgages on it totaling $2,400,000. The large valuation was customary practice because FHA estimated the value of the land, not on the purchase price, but on what the improved land would be worth after the apartment was built on it. Gross was also permitted to put in an architect's fee of 5% and a builder's fee of 5%, the customary amounts. Since he was able to get an architect for only...
...Windfall. Levitt was followed to the stand by Builder Alfred Gross, who made no bones about the fact that he had reaped a windfall profit of $6,000,000, the largest uncovered by the Senate committee so far, on the $25-million Glen Oaks Village apartment houses in Queens, New York City. He explained how he-and other builders-had made such profits...
...Swedenborg's death, in 1772, there were no plans to form an association of his followers. But 16 years later a group of British Sweden-borgians formed the first Church of the New Jerusalem at Great Eastcheap, London, and as early as 1784 a London Scot named James Glen was preaching Swedenborgianism in Philadelphia and Boston...
...president and chief executive officer of the Pennsylvania Railroad. Railroading has taken him to almost every town and branch line on the system: one year he spent 200 nights on sleepers. The son of a baggage master, Symes (rhymes with hymns) grew up near the tracks in his native Glen Osborne, Pa., got a job at 18 on the Pennsy. From clerk he was soon promoted to car tracer, to statistician in Cleveland, to freight movement director in Pittsburgh, to passenger superintendent in Chicago, to freight chief for the entire system. For the job he did heading up the Pennsy...
...Downs. Since then, U.S. road racing has had its ups & downs. In 1950, Sam Collier, a close friend of Cunningham and one of the original Sports Car Club enthusiasts, was killed in a Ferrari in the Watkins Glen Race. Two years later a skidding Cadillac-Allard killed a youngster who was watching from a Watkins Glen sidewalk. The same year, a driver was killed at Bridgehampton. Again there was a public hue & cry, an echo of the Vanderbilt Cup days, and road racing was on its uppers...