Word: invest
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Dates: during 1940-1949
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Walter Wanger, 54, who had the courage to invest in Joan and produce it, has "repeatedly gambled on a-little-ahead-of-the-parade movie ideas.- Joan of Arc cost $4,600,000 to film, another $1,000,000 for Technicolor; it may have to gross as much as $9,000,000. A producer who bets that much on a script without sex is taking an awful chance. But Wanger had faith in an idea; and his faith was shared by his partners (Sierra Pictures is owned 40% by Ingrid Bergman, 30% each by Wanger and Director Victor Fleming). Says...
What had dried up the money market? Price thought he knew: double taxation of dividends and high income taxes which made stocks no longer worth the risk or left stockholders little cash to invest. Price's solution: wipe out the double tax on dividends, limit personal income taxes to a maximum of 50%. Said Price: "We need an incentive program for the forgotten man-the stockholder ... If he is to risk his capital he must be given a wage increase...
...from middlemen, and Brazil will have to import less wheat. Another joint company has set up four model hog farms in São Paulo State, where farmers can get the word on scientific breeding and feeding. Local packers on the lookout for better meat have been persuaded to invest heavily in this outfit...
...likes to recall. When Elder Statesman Bernard Baruch lost $2,000 near the Belmont gate, before he had a chance to lose it at the windows, O'Grady recovered the roll with the rubber bands still intact. Another time, a temporarily well-to-do businessman suddenly decided to "invest" his savings of $80,000 in one glorious day at the races. Two special agents who spotted the man peeling off thousand-dollar bills at a pari-mutuel window put a purposely obvious "tail" on him, so that every footpad within miles would keep hands off. The businessman got home...
...Lines offered to pay $25 million towards the cost of a $65 million-plus liner which would be the biggest and fastest ever built in the U.S. Two days later, Moore-McCormack Lines, Inc. offered to invest $20 million in two new speed liners for its South American runs, to cost a total of $50 million or more. This week the Maritime Commission is talking over similar proposals with American President Lines, American Export Lines, Grace Line, Farrell Lines and three smaller companies...