Word: million
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Dates: during 1940-1949
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...Merl Young, an $18,000 vice-presidency at Ohio's Lustron Co., which has a $34.5 million RFC loan...
...Grant cornered Los Angeles' widely sought Negro architect, Paul Williams (TIME, Jan. 26, 1948), who was buried under plans for $12 million worth of construction work. She talked him into shelving them long enough to design floor plans for her houses. To the surprise of her bankers, who know that Williams' work comes high, he charged her only...
...Treasury itself. Two years ago several distillers asked it to approve, as legally aged, whisky stored in used casks during the wartime barrel shortage. Treasury refused, but later reversed itself. The switch would mean a profit (because of the increased value that would result) of some $90 million for a few big distillers, mostly outside Kentucky, who have 30 million gallons of whisky in secondhand barrels. When the industry squawked, Treasury held up its ruling, called last week's hearing...
...jowled R. Howard Webster of Montreal, Straus's sworn enemy, was running things. Straus had lost control of the company which, in seven meteoric years, had risen, with the help of razzle-dazzle advertising ("the $64 question"), from a $12,078 deficit to peak sales (1946) of $46 million and a $4.2 million...
Straus's undoing was the ballpoint pen. He entered the market too late with a bad product. Eversharp lost $3.4 million in 1947; its stock fell from 25⅞ to 10¼. In November 1946, Straus had bought control of the Schick injector razor, looking for a cushion against hard times. He got a cushion all right (the razor division helped Eversharp show a $1.2 million profit last year), but there was a big pin in it. The pin was R. Howard Webster. To get the razor company, Straus had to take Webster, a big Schick stockholder, into Eversharp...