Word: money
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Dates: during 1940-1949
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...investors reluctant to send their money abroad? In Manhattan, Andre Istel, a French banker and onetime delegate to the Bretton Woods monetary conference, looked no farther than the U.S. stock market to find one answer. Said he: "The shares of more than 100 American ... corporations of good standing and high yield are selling on the Stock Exchange at prices lower than the per share values of the working capital of these corporations. In other words, the purchaser of stock of these corporations acquires at no cost [his share of] their fixed assets, equipment, good will and technical ability...
...Harvard Corporation will supply the $1,000,000 needed to build the Commons Hall from general University funds, while the money for the dormitories is being raised by a drive among the alumni of the Law School and the Graduate School of Arts and Sciences. The project is to be completed in September...
Under the leadership of Walter Gropius, professor of Architecture and internationally known leader in the development of modern architecture, the architects have concentrated on designing buildings which will give the greatest comfort and utility for the money spent...
...Senator Leland Stanford himself. The story goes that the Senator gathered a few of his millions together and with a generous heart and bulging bank roll, proceeded to Yale University. (Some stories say it was Harvard, others both Harvard and Yale.) That dignified institution turned down the "tainted" money, feeling that it could not build a university with money gouged from California formers by a railroad monopoly. "Very well, I'll found a university of my own," said the good Senator, and so he did. Far too modest to name his institution after himself, he named it after...
...like Harvard, it now has students from all income brackets. It rose to the demand of World War II's veterans by almost doubling its enrollment to 8000. The position of a student working his way through the college is considerably eased by a university policy of providing many money earning opportunities for students. There is no social stigma attached to such work, for the late president, Donald B. Tresidder, as well as many student leaders, followed that same route...