Word: old
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Dates: during 1940-1949
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...Coney Island is from Beverly Hills. The Roosevelt deal established Hilton in New York and got him the backing he wanted from such moneybags as Atlas Corp.'s Floyd Odium. With the help of Odium, Hilton paid out $7,400,000 for New York's stately old Plaza, which was as deeply encrusted with stately tradition as it was with the grime of years. The Plaza's first guest in 1907 (at $30,000 a year) had been Alfred G. Vanderbilt, and since then the hotel's quiet, Old World atmosphere had made it a favorite...
...Proud Past. By the time he had bought the Stevens, Hilton was convinced that he also wanted the dignified old Palmer House, which was as dear to the hearts of Chicago's Gold Coast as the Plaza was to New Yorkers. To get it lock, stock and history, Hilton teamed up with Builder Henry Crown (TIME, Nov. 28) and signed the biggest check of his career-$7,500,000-as a down payment. For a total of $19,385,000 he picked up a hotel that had cost $25,800,000 to build on land worth...
...France opened Hilton's eyes to the world beyond New Mexico. He had sold his little bank, and in 1919 (after his father died) he set out for the oil-rich town of Cisco, Texas, looking for bigger game. Instead of a bank, Hilton bought the shaky old Mobley Hotel with $5,000 of his own money, $15,000 from friends and a $20,000 bank loan...
...blue cardboard placards in Manhattan's Hotel Roosevelt last week were signs announcing: "Profit sharing makes every worker a capitalist." The two-year-old Council of Profit Sharing Industries was holding its annual meeting, and it had plenty of figures to back up its slogan. Starting with 16 companies, the council has grown rapidly; it now represents 155 companies with gross sales of $3.5 billion a year. Last year the 240,000 employees in the companies received about $40 million in profits, or an addition of 5% to 117% to their regular wages...
...Story of Seabiscuit (Warner) offers impeccable Technicolored performances by several horses, and some old newsreel clips of the real Seabiscuit's most spectacular races. Also rans: Barry Fitzgerald as the horse's jabbering trainer, and Shirley Temple, insufficiently disguised by a brogue. Loaded with the bipeds' lame Irish humor and a desultory romance, the picture carries a top handicap which it never overcomes...