Word: investable
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Dates: during 1930-1939
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Died. Winthrop Ames, 66, scholarly, devoted theatrical producer; of pneumonia; in Boston. At 7, Winthrop Ames thought H.M.S. Pinafore, newly come to Boston, a grand show. His father thought otherwise, declined an opportunity to invest in it. failed to share in the $1,000,000 the operetta reputedly earned. The theatre finally claimed him in 1004, first Boston's Castle Square, then Manhattan's ambitious, repertory New Theatre. He built the Little and Booth Theatres, headed a producers' committee to purge the stage of filth, helped rescue Gilbert and Sullivan operetta from the hands of school children...
...central principle in all true con [confidence] rackets is to show a sucker how he can make some money by dishonest methods and then beat him in his attempted dishonesty." Standard forms: helping the victim ("prospect") to find a pocketbook, whose grateful owner, another thief, persuades him to invest money of his own in a fake gambling or brokerage office; arranging with the victim to cheat another member of the gang at cards or dice; selling counterfeit pawn tickets for supposedly stolen articles; selling shares in smuggled property; selling complicated but useless counterfeiting machines. Confidence men also practice such sidelines...
When Walter E. O'Hara first came to Rhode Island he told the substantial citizens who were induced to invest money in his race track that he was a Harvard graduate...
...protection alone but are temporarily unable to spare the additional savings called for by the contract and no longer able to pass a physical examination for a new policy if the old is lapsed. To borrow on a policy to pay premiums amounts to borrowing at, say, 6% to invest...
...business the first year. Like most of the men who were to rule the U. S. in the coming years of industrialization, young Rockefeller was far too busy to go to war in 1861. And out of the commission house profits the partners, a year later, were able to invest in one of the oil refineries then mushrooming in Cleveland. Sensing apparently from the very beginning the colossal future of oil, Rockefeller soon turned from food to fuel. Within seven years he controlled four-fifths of all the refineries in Cleveland, then the oil capital...