Word: parimutuel
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Dates: during 1950-1959
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Nebraska has discovered with anticipation that it is the only state of the 25 allowing parimutuel betting that has neglected to tax the bets...
...worth .01 rupees. The trouble is that for three years both sets of coins will be used at once, and since there is not always a way of translating pies or annas into a precise number of naye paise, the government has had to decree a system of what parimutuel bettors call "breakage." i.e., the rounding off of small fractions that don't count too much...
...that the Summer School administrators are running away from anything, and they're not all nomads at heart, either. It just seems that desk space in the Yard is rather tight, so that the various summer offices are as scattered as losing parimutuel tickets at Suffolk Downs...
Died. George Davis ("Buck") Weaver, 64, star third baseman for the old Chicago White Sox (1912-20), who was barred from baseball for "guilty knowledge" of the 1919 Black Sox scandal; of a heart attack; in Chicago. Weaver continually pleaded his innocence, spent his last years as a parimutuel clerk at local racetracks...
...Investigating Committee, turned up as a stockholder in a sport and gambling enterprise, to operate in Puerto Rico. The promotion: a $1,500,000 jai alai palace, to be built just outside San Juan; it will seat 3,500 aficionados, provide them with such trimmings as five bars and parimutuel betting windows. Promoter Halley holds 30,000 shares of Puerto Rican Jai Alai, Inc.'s new stock. A Securities & Exchange Commission spokesman allowed that the public, in return for putting up 93% of the venture's cash, will get 1,250,000 shares at $1.50 apiece-only...