Word: payday
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...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...
Crump to Danny Thomas. Beale Street has remained pretty much the same. The place has been cleaned up a bit (Peewee's now houses a dry-cleaning establishment, and Handy Park is green among the pool halls), but on payday nights and Saturdays, a portion of it is almost the same old dangerous, wide-open Beale Street. There is one difference, however: about a dozen years ago, under Boss Crump, all east-west streets in Memphis were designated avenues, and Beale Street became Beale Avenue...
...began is unclear; why is plain. The owners of the world's newest, biggest jute mill at Narayanganj, East Pakistan, pampered their imported West Pakistan workers, gave them better jobs and a higher wage scale than the East Pakistan Bengalis. On payday, when the West Paks were lording it over the Bengalis, the atmosphere was tense. According to one version, a West Pakistani fireman reproved a Bengali teastall keeper for allowing the flames to burn too high in his oven. The Bengali took offense, and when a factory watchman intervened, another Bengali stabbed the watchman...