Word: moneyed
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Dates: during 1940-1949
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...want subsidies," said William T. Faricy, president of the Association of American Railroads last week, "but if the Government persists in subsidizing our competitors, we may have to accept them." If that threatened socialization, he added: "You could also have socialization by simply running out of money...
...pound might be in for more trouble, unless Britain removed her strict controls on its use. Warned the Wall Street Journal: "The pound is still a hobbled currency . . . The man who holds a pound sterling, with its limited usefulness, still wants to swap it for U.S. dollars or other money that is spendable anywhere any time . . . Under such circumstances, there is no 'rockbottom' price [for the pound...
...Material Service Corp., biggest building-supply firm in the Midwest, did $33 million in sales last year and helped put up many a Chicago building. He also buys them ready-built and is one of the chief backers of Hotelman Conrad Hilton. Crown put up some of the money for Hilton to buy Chicago's Palmer House. When Connie Hilton bought Manhattan's Waldorf-Astoria (TIME, Oct. 17), Crown chipped in $250,000. Today he owns 8.7% (150,000 shares) of Hilton Corp. stock, the biggest share except for Hilton...
Testing. In Baltimore, Liquor Dealer Albert Steinberg reluctantly handed over $100 to a holdup man who tossed back the cash and said: "I don't want your money. I just wanted to see how much guts...
...which students may allocate percentages of their donations to seven specific charities, will be used again this year. Although national organizations are not stressed, the donor may write in any charity of his own choosing. While the Student Council is supposed to receive 20 per cent of all allocated money for its own use, the student is allowed to request that none of his donation go to the Council...