Word: junto
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...young Benjamin Franklin organized ten convivial friends into the "Junto"*study club, to discuss such questions as: "Whence comes the dew that stands on the outside of a tankard?" and "Is self-interest the rudder that steers mankind?" The Junto club has long since disbanded, but it is still so famed in Philadelphia that when a group of public-spirited citizens started a nonprofit school for adult education in 1941, Junto seemed the logical name for it. Last week, the Junto told of making a business deal in its own self-interest that would have brought an amazed gasp from...
Without spending a cent of its own money (it had only $10,000), Junto in effect bought 4,028 houses worth some $32 million in Levittown, the Long Island mass housing development of Levitt & Sons. This complex deal in high finance was devised by bustling, mop-haired Philip Klein, a retired advertising man now Junto's non-salaried business manager. He had no trouble selling the deal to Builder William Levitt, who saw in it a way to save on his taxes...
First step was the purchase by Junto of the Bethpage Realty Corp., which owned the 4,028 rental houses and was, in turn, owned by Levitt and his brother Alfred S. The price: $5,150,000 with $1,500,000 as down payment...