Word: nickell
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...business," says Allied Stores Corp. Chairman B. (for Benjamin) Earl Puckett. "The only problem is handling a multiplicity of details." Puckett handles details so well that he has built Allied into the biggest U.S. department store chain, with a $437 million-a-year gross. Last week, without spooning a nickel from Allied's treasury, he made it even bigger: he completed a deal to take over 84-year-old Stern Brothers* department store and give Allied its first outlet in Manhattan...
Coming up to the final jump, a 4½-ft. spruce barrier, a pair of long shots, Nickel Coin (40-to-1) and Royal Tan (22-to-1), were neck & neck. Royal Tan crashed into the final hurdle, limped home across the finish line as Nickel Coin breezed to a six-length victory. A poor third: Derrinstown, who threw his rider but was remounted...
...Nickel Coin turned out to be quite an investment for Owner Frank Royle, 31, a Surrey farmer. He bought her as a yearling filly eight years ago for 55 guineas ($242), sold her for $882, caught her in a selling race two years later and bought her back for $1,200. Royle, who turned her into a steeplechaser in 1948, was $23,744 richer by last week's victory...
When he was running a fruit stand across from Kansas City's Union Depot 40 years ago, Isaac Katz sold oranges at three for a dime. "But Ike," his customers would say, "the other boys get a nickel apiece." "Yeah," Ike would answer, "but they sell one and I sell three. See what I mean?" Ike's kid brother Mike saw exactly what he meant, and soon was running another cut-rate fruit stand nearby...
...down its reputation as the "Scarlet Woman of Wall Street." The man who seduced the Erie was an ex-cattle drover named Daniel Drew, a director from 1853 to 1868. "Uncle Dan'l" made millions juggling Erie stock* on Wall Street, but never gave the common stockholders a nickel, giving rise to the saying: "Icicles will sprout in hell before Erie common pays a dividend...