Word: opened
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Dates: during 1940-1949
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...educators had only been toying with the idea, but last week, at a National Education Association teachers' conference at Durham, N.H., some 500 of them came right out in the open. Why not pare vacation down to one month and keep the public schools open all year around. It would be one way to boost the salary of teachers, who now generally get paid for only nine months of work. The nation's 25 million public-school kids, it was admitted, would possibly need a bit of persuading...
...unspoilt youth . . . with his mind just waking up and his feelings all fresh and open to the good," Essayist G. Lowes Dickinson once wrote, "is the most beautiful thing this world produces...
...original trusts were all "closed"-i.e., they had a fixed capital for investment. As their shares were traded in the open market, the prices did not necessarily reflect the value of the assets they represented ;- in bad times when few wanted to buy, the shares would be well below their actual values. The open-end trust was not invented until 1924, when Boston's Massachusetts Investors Trust was formed...
...this quest has arisen the lustiest, fastest-growing phenomenon in U.S. finance: the investment trust, notably the "open-end" or "Boston-type" trust. Though the ailing securities market in general is barely breathing, the nation's investment companies sold $80 million worth of their own shares in the first quarter of this year, an increase of 26% over 1948. Said Edmund Brown Jr., president of Manhattan's fast-selling Fundamental Investors, Inc.: "May was the biggest month in our history and June was almost as big. Last year's business was around $10,000,000; this year...
M.I.T. is still the biggest of the open-end trusts. In Boston, where the managing of other people's money has always been the highest calling (short of the pulpit or the presidency of Harvard), M.I.T. does not suffer from the fact that a Cabot, a Lowell and an Adams are on its advisory board-and that Merrill Griswold, its Harvard Law School-trained chairman, was once married to a Lowell...