Word: moneymen
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Dates: during 1950-1959
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Building a team as good as the Truckers in one season meant competing for talent with the five other fine N.I.B.L. teams* and bargaining against the moneymen of pro basketball as well. Kolowich hired former Notre Dame Footballer Jerry Groom to beat the drum and brought aggressive Johnny Dee from the University of Alabama to coach. Backed by the generous assets of DC Trucking's multimillion-dollar business, Groom and Dee peddled some convincing arguments in the fleshpots of college basketball...
Squarely in the center of the argument over the nation's money supply is 49-year-old William McChesney Martin Jr., $20,-500-a-year chairman of the Federal Reserve Board of Governors, known to bankers and other moneymen simply as the "Fed." It is Chairman Martin who, with his six-man board and twelve Federal Reserve Bank presidents, has the overall responsibility for regulating the nation's flow of money and credit, the lifeblood of an expanding modern economy...
...last week, offering cut-rate rubles, big-brotherly advice and back-scratching barter deals. Czech engineers mapped roads in the mountainous north. East German technicians scouted sites for India's first raw film factory. In central Bhilai, Russian specialists supervised construction of a steel mill for which Russian moneymen had advanced some $100 million at 2½%, about half the interest rate proposed by Western lenders...
Next day, in pique, Rome's biggest moneymen went on strike against tax reforms by closing the stock exchanges. An official of the Finance Ministry explained sympathetically, "Italians cannot be made to accept the idea of sending a man to jail for failure to pay taxes...
...sided World Series was no sooner over than the hot-stove league got off to a flying start. In the front offices of baseball, the moneymen began shifting managers so fast that a man hardly had time to read the small type in his contract; a fan could spend all winter wondering what had happened to his team. Among the changes...