Word: liquidity
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Dates: during 1940-1949
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Pacific Club in Noumea and of its handsome dividends [TIME, June 19]. ... As soon as the Club's "long bar" and "one-armed ban dits" showed sufficient return, members were informed that their original investments would be refunded with no handsome dividends. Who got those negotiable and liquid dividends...
General Motors' Allison division at Indianapolis announced that it was all ready to produce an engine in the 3,000-h.p. class. Unlike the air-cooled engine builders, who range their cylinders around a crankcase like the spokes of a wheel, Allison turns out liquid-cooled (Prestone) engines with cylinders in banks. The familiar Allison is a V-type, like the famed Rolls-Royce or the twelve-cylinder engine of a Packard motor...
...Seventeenth-Century housewives, ignorant of a new beverage called "tea," served the leaves with sugar or syrup, threw away the liquid...
Soon Dr. Fleming had ascertained that: 1) the strange liquid did not harm fresh leucocytes (white blood corpuscles); 2) injections of the liquid did not hurt mice; 3) some bacteria (e.g., whooping cough bacillus) lived in the liquid as cozily as in a baby's throat. Modest Dr. Fleming saved the moldy plate as a souvenir, still...
...best growing temperature is about 75° F.,that the mold needs plenty of air. At first, Dr. Florey's researchers got only about a gram of reddish-brown powder (the sodium salt of penicillin -penicillin itself is an unstable acid) from 100 liters of the mold liquid. But at last, after heroic chemical cookery, they accumulated enough penicillin to test the drug on living creatures...