Word: payments
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Dates: during 1950-1959
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...makes mistakes. And inevitably the subscribers concerned are quick to let us know about it. Such was the case of Subscriber V. W. Greene of St. Paul, Minn., who recently received a letter from Miss Mildred Shipley in TIME'S Chicago subscription office questioning him about his subscription payment. Subscriber Greene's reply...
...rate, Miss Shipley, I would like to help you in your quest for payment of my subscription, but I think that this too is a case of mistaken identity. The check which you refer to was not lost in transit, nor was it misplaced. It was received by you, and you cashed it, franked it, cleared it through the Federal Reserve Bank of Cleveland on Feb. 15, returned it to the St. Anthony Park State Bank of St. Paul, which deducted the proper amount from my account and transmitted it to me canceled and perforated...
Berlitz English. Neither was Rizzoli deterred when Novelist Guareschi published one of the fake letters involving ex-Premier de Gasperi and got a year's prison sentence for libel (TIME, April 26). Publisher Rizzoli bought a batch of the letters for a down payment of $20,000 and began spraying them across the front pages of Oggi...
...rest of the national housing program took effect, foreclosures on home mortgages were commonplace. In 1933 some 252,400 U.S. families lost their homes because they could not pay off their debt. To buy a house in those days, a man might need half the price for a down payment, often had to take out first, second and third mortgages at up to 10% interest. By its insurance guarantees, FHA brought about the national pattern of liberal, single-mortgage financing at low interest rates. Now a man can buy an $8,000 house with $1,600 down and 20 years...
...administrative awkwardness." A "blended price plan" to sell butter to distributors at very low prices might have helped but at best it would merely slow the piling up of surpluses and cost the U.S. $100 million just to administer. Likeliest of all, said Benson, was a "plant payment plan" that would operate much like a version of the old Brannan plan. Under the plant payment plan, the Government would allow the market price of butter to drop to its natural level, then pay butter manufacturers the difference between market and support level prices. Even the best of the plans, said...