Word: ince
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Dates: during 1940-1949
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...overboard on horse bets, he tries to hew to a pocket-money allowance of $125 doled out weekly by a Wall Street law firm, which receives his income, pays his bills, nourishes his annuities and tends to the dozen companies lumped under the name Milton Berle Enterprises, Inc. Among his interests: a machine tool company, a furniture factory, real estate, music publishing, a toy business, a producing company...
These are part & parcel of the Texas story, which TIME'S editors have been telling you about as the Texas boom has developed. Recently, Thomas Griffith, TIME'S Senior Editor for National Affairs, and Robert Elson, chief of TIME Inc.'s U.S. and Canadian News Service, went to Texas to see for themselves what is going on there. They were taken in tow by William Johnson, head of our Dallas bureau...
...laying out a mere $1,750,000, Young's Alleghany Corp. bought control of Minneapolis' Investors Diversified Services, Inc., the giant catch-all which includes three big investment trusts having assets of $580 million.* It was the same kind of shoestring which Young had used to tie down Alleghany's $2 billion assets in 1937 for $4,000,000 cash...
...transcontinental scheduled air-freight routes, the first in the U.S. CAB's certificates will permit them to fly on regular, advertised schedules, thus compete for air freight on equal terms with the regular airlines. At the same time CAB: 1) certificated Florida's U.S. Airlines, Inc. to fly a north-south freight route between the New York and Chicago areas and the southeast; 2) approved a local newspaper-delivery route flown by Texas' Airnews, Inc...
...President's ear? Two and a half months ago a sympathetic Manhattan jury decided that if the whisperer was Oilman James A. Moffett, it was worth plenty. The jury awarded the onetime FHAdministrator a fat $1,150,000 judgment in his suit against Arabian American Oil Co., Inc. for certain "services rendered" (TIME, Feb. 28). The services, according to Moffett, were very special. Saudi Arabia's King Ibn Saud had demanded an extra $6,000,000 a year from Aramco in 1941, on the threat of tearing up its multi-billion-dollar concession in his country. Moffett claimed...