Word: payments
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Dates: during 1950-1959
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...quiet, unpublicized meeting held under the stern eyes of their London underwriters, the owners of the Stockholm and Andrea Doria reached an out-of-court settlement that 1) ended their attempts to fix the blame on each other, and 2) made it possible to establish a fund for payment of third-party claims, e.g., claims by passengers and shippers for injury and loss of life and property...
...lots of jewelry. Among the jewels are two of the most famous Oriental pearl necklaces ever assembled, a strand of 55 and another of 73 matched and graduated pearls, which in 1916 Mrs. Rovensky (then Mrs. Plant) received from her multimillionaire husband. Commodore Plant had taken them as payment of $1,000,000 for their house at 52nd Street and Fifth Avenue. The purchaser: Carder's, whose headquarters were established at the necklace-bought site...
GOODS & SERVICES New Ideas Smoke Now, Pay Later. Larus & Brother Co. of Richmond, Va. announced a "Take your premium now-pay later" scheme to spur the sales of their Holiday cigarettes. Customers select a premium gift (e.g., a Zippo lighter for 255 coupons), make a down payment of 15 Holiday coupons, sign a pledge to pay the balance of the coupons (one to a pack) as they smoke...
...Sliced into the huge stocks of Government-held farm surpluses by negotiating an agreement with Brazil under which 1) the U.S. will sell the Rio government $138,700,000 worth of the surplus, most of it ($111,000,000) in wheat; 2) Brazil will make payment in nondollar currency, i.e., cruzeiros; and 3) the U.S. in turn (under the terms of the 1954 Agricultural Trade Development and Assistance Act) will use the currency to finance economic and other development projects in Brazil...
...protest against serving under ex-Convict Senaga." Moriyasu Tomihara, president of the Bank of the Ryukyus (in which the U.S. holds 51% of the stock and supplies nearly all the funds), declared that "no more money will be advanced to Naha city because of the changed situation," and froze payment of a $666,000 installment on Naha's reconstruction program. Explained Tomihara blandly: "Americans did not order me to chop off Naha's credit. I am doing so because Senaga in his campaign speeches said that if elected he would refuse all U.S. aid. You do not lend...