Word: moneys
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Dates: during 1950-1959
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...take in his students (hotels are shunned). He got the school chartered by the New York Board of Regents, hired four top teachers. Among them: Ohio State Botanist Clarence E. Taft and Journalist-Author Edgar (Red Star Over China) Snow. Jaeger put in $30,000 of his own money to make up the difference between tuition and cost...
...Home. Starting at Harvard, where psychologists tested them on their prejudices (and will test them when they return), Jaeger's 22 protégés have swept westward since September on one tourist flight after another. Each carries 44 lbs. of baggage, a dwindling $300 in pocket money. Behind them: Boston, New York, Washington, San Francisco, Honolulu, Tokyo. Ahead: Bangkok, Calcutta, New Delhi, Cairo (midyear exams), Istanbul, Athens, Rome, Florence, Geneva, Berlin, Paris, London (final exams). So far only one student has been lost; he missed the plane in Baltimore, caught up next day in San Francisco...
...taking with them 200 "masterpieces" collected by their mother. Settling finally in Manhattan, they became naturalized citizens in 1945. By then their collection totaled some 280 canvases, which they valued at about $25 million, included paintings with such signatures as Gauguin, Van Gogh, Soutine, Cezanne and Monet. But money was running out. Nine months ago they rented a Madison Avenue showroom, named it the Re-Mi Gallery, and put their canvases on sale. It was a bad mistake. Last week Boris and Mark Lass were indicted for attempted grand larceny...
After a year of the tightest money since the 1920s, the U.S. last week experienced a slight easing in the general demand for funds. It was partly due to the depressing effects of the steel strike and industry's uncertainty about investing heavily in inventory before a settlement is reached. But the Federal Reserve Board also eased money to take care of the usual extra demands around Christmas by permitting member banks to count a percentage of their vault cash as reserves, thus in effect adding some $1.4 billion in lending power...
...partly because only the week before it had drawn heavily on short-term funds with a $2 billion offer of 320-day bills at 4.86%. Bankers expect even greater pressure when a steel settlement is made and a rush for supplies and postponed expansion exerts new pressure on the money market...