Word: philadelphia
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Dates: during 1970-1979
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Paraphernalia Trade Association, with headquarters in Philadelphia: "We're not a bunch of stoned-out hippies carving pipes in the basement. We're normal businessmen with shirts and ties." The association hired a lawyer to fight Westfield's action and won a preliminary injunction against enforcing the new ordinance. Whatever the outcome, the battle is educational. Says Medeiros: "I'll tell you, I've learned a lot myself. I never knew they sold orange-flavored cigarette papers...
MARRIED. Joseph P. Kennedy II, 26, eldest son of Ethel Kennedy and the late Senator Robert F. Kennedy; and Sheila Brewster Rauch, 29, daughter of the chairman of the Philadelphia Saving Fund Society; both for the first time; in Gladwyne...
...forecasts can embarrass anyone-even so savvy a money manager as Benjamin Franklin. Eager to demonstrate that a penny saved is indeed a penny earned, Ben at his death in 1790 left a bit less than $9,000 in trust for 200 years to the cities of Boston and Philadelphia; he directed that it be loaned to "young married artisans" who had finished apprenticeships and were setting up their own businesses. Interest on the loans, he predicted would build up the funds to $18 million...
...were drained in the mid-19th century by defaults among borrowers who took the money and ran (illustrating another Franklin maxim: "Opportunity is the great bawd"). Today the trusts hold less than $4 million: $3.2 million in Boston (now loaned to medical students at 2%), and $770,000 in Philadelphia (currently invested in mortgages). Boston Trustee Noel Morss figures that his city's sum will grow only to $5 million by 1991, when it is to be divided between Boston and the state of Massachusetts under the terms of Franklin's will. The suggestion has been made that...
...didn't have too many problems with them and I don't expect any when we play them again (February 24) in Philadelphia," Kleinfelder said...