Word: liquoring
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Dates: during 1950-1959
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WEINBERG'S slum background contrasts so sharply with that of the traditional Ivy League Wall Streeter that he uses it as an asset, plays up his Brooklyn background ("I'm just a dumb guy from P.S. 13"). One of eleven children of a wholesale liquor dealer, he never got farther than P.S. 13, started with Goldman. Sachs as a $3-a-week porter's assistant. After a World War I stint in the Navy, he became a securities trader, a Goldman, Sachs partner in 1927, helped to run investment trusts, including Goldman, Sachs Trading Corp., which proved...
...businessman. He empties a sackful of gifts on expectant customers, fellow executives, public officials, newspaper editors and anyone else who creeps onto his list. The list has grown so long that today the Santas-in-pin-stripes spend something like $1 billion on yuletide cheer: $300 million for liquor, the rest for a stockingful of loot ranging from $2.50 puddings to $2,500 pianos. The giving is not necessarily due to an excess of Christmas spirit; businessmen simply think that they must. As Denver Radio Station Owner Gene Amole says: "Giving business Christmas presents is like drinking at lunch. Nobody...
When asked if there were fear of moral censure from any group in the community, Hammond said he was certain that there was not. He added that the M.I.T. Faculty Club already has a liquor license...
...find that the Administration would be willing to make up any deficit which the serving of liquor might incur," Hammond said, "the Club probably will try to get a license." Cost of a private liquor license in Cambridge is $1200, he added...
Hammond gave no particular reason why the Faculty Club now wants to break precedent for an official liquor permit. "There was talk about it over the summer," Hammond remarked, "and a group of us wanted to sound out the Administration about it this fall...