Word: nine
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Dates: during 1950-1959
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...check over a growing woodpile of corruption in Indiana's road-building program. The story, as Gore developed it in Washington hearings last week: Carpenters' Treasurer Frank Chapman, 52, borrowed $20,000 from an Indianapolis bank on his own and Hutcheson's signatures, bought up nine pieces of Indiana right-of-way land for $22,500, sold it all within 30 days to the state for $101,000. Furthermore, Brotherhood Vice President O. William Blaier, 69, bought 33 acres of land for $16,500, sold 1½ acres to the state for $19,000. In Frank Chapman...
...Boogie-Woogie and the unfinished Victory Boogie-Woogie, which sparkled with segmented, syncopated color. They made a bright closing movement to Piet Mondrian's multi-variations within the rectangle, a constant, single theme, which Biographer Seuphor aptly calls "a kind of gigantic, plastic fugue, which it took twenty-nine years to play...
CAPITAL INVESTMENTS by U.S. business in new plants and equipment will hit seasonally adjusted rate of $37.3 billion in second quarter, $37.9 billion in third quarter v. last year's total $35 billion, says SEC. Leading investors: public utilities, up 27% over first nine months last year; railroads, up 22% ; manufacturers, up 13% Considering that the economy is already in high gear, such a continuing rise is a sign of business strength, says...
...income taxes on the trust income, his tax bracket is generally much lower than that of the donor, in effect drastically reducing the family's overall tax. One San Francisco financier cut the taxes on a big slice of his income from 50% to 20% by setting up nine separate trusts for the future education of his three children, reports that the savings "are so fantastic I don't even want to talk about them...
Nick of Time. The 1929 crash left the Behns with a $122 million debt. Like a nine-lived cat, I.T. & T. was saved when the U.S. went off the gold standard, raising the value of foreign money. Sosthenes worked his way out of the hole (minus Hernand who died in 1933) by getting foreign subsidiaries to float local bond issues, boosting the parent company's U.S. credit. But no sooner was he solvent again than European upheavals put him right back in trouble...