Word: payday
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Dates: during 1950-1959
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...Abolish the moss-backed longevity system under which a sway-backed corporal with 24 years of service can collect more on payday than an ambitious, youthful master sergeant...
...Police Chief Ray Castle came to work, found a note from the lobster shift: "Ray, the radio in the police car won't work. The lights in the men's restroom are out. Sewer on 34th St. stopped up. The town clock is 7 minutes slow, and payday is past due 10 days...
...Louis, the squat, hustling figure of Sammy Bronstein was as familiar as their city editors -and sometimes more important. Sammy, peering sharp-eyed through thick glasses, regularly made the rounds of pressrooms and other reporters' hangouts, lending newsmen enough money-at high rates-to tide them over until payday. Last week Sammy Bronstein, 78, himself made news for his old customers by pulling off his greatest financial coup; for an investment of $3,600 made in bonds in the bankrupt Missouri Pacific Railroad 18 years ago, Bronstein got $970,000 in securities in the reorganized road (TIME, March...
Vile & Rue. As a sideline. Sammy began lending money to reporters, later went into it fulltime, despite the fact that borrowers were "always casting their vile and rue on me." His rate was usually 5% a week, but it multiplied when a newsman borrowed on the day before payday; he thought that the heavy demand at that time justified a higher return...
Bronstein stopped lending money by 1950, but by then the bloom was off the peach. "Heywood Broun put me out of business when he organized the Newspaper Guild," he says. "When the boys began making enough money to tide them over from one payday to the next, there was no more need for my services...