Word: mutualized
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Dates: during 1940-1949
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...Giannini's Bank of America, fresh from 1 8 months of mutual strafing with the New Deal, had agreed to raise $30,000,000 of new capital by selling 600,000 shares of preferred stock to present stock holders, including his dominant Transamerica Corp., the unsubscribed balance to the public (TIME, May 13). After the private offering to common stockholders hit a stone wall, the underwriters (Ladenberg, Thalmann, Otis & Co. and John J. Bergen & Co.) called it a day for the duration of the panic...
...only the vaguest idea how the war was going. When German troops crossed the River Somme, 70 miles from Paris, an official press release placed them on Belgium's River Sambre, 80 miles farther away. Wythe Williams, Paris correspondent for the New York Times (now a commentator for Mutual Broadcasting System in Manhattan) slipped a dispatch past the censor hinting that they were nearer, but his editors at home missed the point. Not until the Battle of the Marne was fought and won (on Sept. 9) did readers in the U. S. realize that the German Army had come...
Rejection of the proposed playground is a blow not only to the Cambridge kids but also to better relations between college undergraduates and Cambridge citizens. Since colonial days a seldom crossed no-man's-land of mutual misunderstanding has separated City and College. To the Cambridge citizen, Harvard seems a red-bricked baronial estate, overrun with bow-tied plutocratic playboys. To the student, Cambridge is a necessary evil of place-where, filled with strangers in the street. Mythologies like these can be liquidated. A town-gown playground project...
...begins every Friday night over Mutual affiliate station WRAL the prisoners' broadcast from North Carolina's brown, brick Central State Prison just a few blocks from the business centre of Raleigh. Started eight months ago by six-foot, 240-pound Ren Hoek as part of the recreational activities of which he was director, the show began with a kazoo player, a piano pounder, a drummer. Inmates took part on the program only as a reward for good behavior the preceding week, soon made it the "shortest half hour of the week" for their 900 fellow prisoners...
Director Bob Bowers and WRAL's program director, Fred Fletcher, last week began to polish up the show, find out how many programs their entertainers were "in for"; eyed hopefully a possible spot on Mutual's national network for the Central Prison boys this fall...