Word: invest
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Dates: during 1950-1959
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...lopping off three blocks, we have a better idea. Invest the $25,000 and use part of the income to run a rickshaw service between Soldiers Field and the present club. This lops off seven blocks. Walter G. Goldstein '52 Gilbert R. Panzer...
...Club and the Administration stalled him; his last attempt came just after the war, and Burr died shortly after that. He left his money unrestricted because he believed that was the proper procedure, but the fact that a Varsity Club was the only way in which Burr wanted to invest his money cannot be overlooked...
Like canny traders trying to decide how much to invest in a likely stock, experts from the Department of State and the Export-Import Bank wrangled over a proposed Argentine loan last week. State recommended a credit of $125 million, so that Argentina could fund her commercial debts and begin buying badly needed U.S. farm machinery. The Ex-Im negotiators, not entirely convinced that Argentina could handle and pay back a loan of that size, argued that $65 million would be enough to restore Argentine credit. For the moment no decision was reached; the dickering continued...
...Rabbit. The private decision to invest and the Treasury forecast of gross private investment are not made at the same time or in the same room. "The dog never sees the rabbit," explains one industrialist whose company is building a very large new plant. "What happens is this. [The Treasury] sends a directive to what is known as the 'appropriate ministry,' where an official keeps it three weeks, rewrites it so the main point is obscured, sends it to the wrong man in our company, who rephrases it in trade jargon so that it is perfectly harmless...
Gushing Out. What is Texmass and why did it want RFC money? The subcommittee learned that in 1945 a group headed by Dallas Oil Promoter Homer W. Snowden persuaded 350 wealthy Bostonians to invest more than $8,000,000 in separate oil projects, managed by Snowden and his associates. Later they formed the Texmass Petroleum Co. to take over the oil & gas properties in Texas. In the spring of 1947 Texmass borrowed $4,000,000 from Massachusetts Mutual Life Insurance Co. and $3,500,000 from John Hancock Mutual Life Insurance Co. Later, the 350 Bostonians put up another...