Word: payments
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Dates: during 1960-1969
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...price on one day rose to $44.36 an ounce v. the official price of $35. In Hong Kong, fran tic trading drove the price up to $40.71, and around the world investors and banks bought gold certificates and gold stocks. Many refused to accept the U.S. dollar in payment...
...reported that since shortened hours went into effect Jan. 22, there has been a "substantial" reduction in the number of delivery failures among brokers. Such "fails" generally occur because brokers are unable to obtain stock certificates within the five-day period (raised last month from four days) allotted for payment and delivery after every securities transaction. The problem-still far from solved-snowballs, and as a result, customers sometimes wait weeks for the stock certificates, order confirmations, account statements and dividend checks that they once got in days...
...Just over a month ago, Texas Radio-TV Millionaire Gordon McLendon announced that "as partial payment for all the good things that have come my way in life," he would run for the Governor's office being vacated this year by John Connally. Abruptly last week the maverick Democrat appeared on 26 Texas television stations to withdraw his largesse. McLendon has decided that "our nation is without leadership, and you and I are going broke." Therefore he disdains to lead Lyndon Johnson's state out of the morass. He did, however, offer the President some advice...
...judges are reaching decisions on the basis of need and ability to pay. Says Chicago Divorce Lawyer Russell Bundesen: "The controlling factors now are how much the husband earns, what his assets are, and what assets his wife has." In fact, in states like Florida, where the law forbids payment of alimony to a woman who has been divorced on grounds of her adultery, judges often overlook perfectly well-documented adultery charges and grant the divorce for extreme cruelty so that alimony may be assigned to a woman who needs it. When the dirty linen starts to be aired, says...
Since then, C & S has grown to be almost twice the size of First National, as Lane increased its branches from 13 to 61 while steadily expanding its services. C & S was a pioneer in converting to data processing and introducing freight-bill payment services, under which the bank pays the shipping bills of its customers directly out of their accounts. C & S also moved headlong into travel services, now ranks as one of the South's largest travel agencies. One of the first major banks to issue its own credit card, C & S was first to offer...