Word: money
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Dates: during 1930-1939
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...plan was both complicated and risky. In its simplest terms it was intended to work as follows: The Government will issue fiat money (paper without gold or silver backing) to pay the Heinkel works, say, for airplanes. Next year when Heinkel comes to pay corporation taxes, it pays not in cash but in the fiat certificates. Meanwhile Heinkel may, if it wishes, use the certificates to help pay for purchases of Duralumin, rivets, engine parts. In transactions other than tax payments certificates may never exceed 40% of the purchase price, the rest to be paid in cash. What the plan...
...Chicago, which sold 4,500 two-and three-wheelers last year, expects to sell 10,000 in 1939. Head of Moto-Skoot is 27-year-old Norman A. Siegal, who used to race Fronty-Fords on the dirt track circuit, decided three years ago that there was more money to be made in slower transportation. Racer Siegal sold his share in a Chicago Loop garage for $1,090 in 1936, hired three workmen, and in a corner of a West Side factory began making Moto-Skoots. By the end of the year he had sold 186 of them...
Canny old Walter Dill Scott, having raised almost $40,000,000 in 19 years as Northwestern University's president, recently announced that he would go into well-earned retirement next June. Last week the final year of this phenomenal money-raiser was made memorable when, to his surprise, a man whom he scarcely knew dropped into the university's lap one of its biggest single gifts,* $6,735,000. The gift is to establish a Midwest institute of technology comparable to the East's M. I. T., the West's Caltech...
...Prices range from $20,000 for a 30-year-old, money-making college with 200 students to $250,000 for a more elaborate institution with an excellent reputation...
...Buyers usually are lawyers (who often find a college a political asset), physicians, retired government officials, publishers. College professors would like to buy, seldom can raise the money...