Word: interest
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Dates: during 1930-1939
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Cream of the jest to these taxpayers was that, as is customary, they will receive not only their money back but interest on it at 6%-a lot bigger return than they could have got if they had invested in bonds...
Joint owners of the paper, their interest in it had been confined to 1) how much money it made, 2) how well it did by their friends in society. Paul Smith talked Publisher George Cameron into giving him a little elbow room and the next thing San Francisco knew the Chronicle had defied a shipowners' and merchants' boycott, front-paged a defiant editorial declaring its independence of The Interests...
...make peace. The union replied with a suggestion that Editor Smith print the facts or mind his own business. Editor Smith countered with the announcement that "the Chronicle makes it its business to stick its nose into any so-called private row which affects the broad public interest." The union snapped back: "That being the case, we ask you to serve as mediator." Paul Smith did, and settled the strike...
...General Electric researchers, who for years have studied lightning bolts striking Manhattan's Empire State Building, showed more interest last week in hydrogen-cooling for generators at the powerhouse. Since hydrogen is the lightest of all gases, it circulates with much less friction than air. As a result of cooling generators by hydrogen rather than air, the power output per pound of fuel is increased by 20%, and the fuel saving on a 200,000-kilowatt unit tots up to $20,000 a year. There is no fire or explosion hazard, because oil seals keep the hydrogen purity...
...syndicate replied that the corporation neither wanted the stock nor was in a position to buy it and that the syndicate bought it to protect the corporation from Mr. Markle. Nonetheless, bushy-haired Justice Ferdinand Pecora returned a thumping judgment against Morris & friends for $443,202, including interest. Last week, Justice Pecora's judgment having been reversed on the first appeal, New York's Court of Appeals (last resort) polished it off for good. In an unanimous decision six of its judges set aside Justice Pecora's judgment, found nothing wrongful or improper in the deal...