Word: pooled
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...equivalent in Gothic would cost an estimated 30% more). When finished early in 1942 it will house the religious activities of 1,500 Disciples of Christ in two severe, flat-roofed units joined by a two-story bridge across a sunken terrace and a 140-by-120 reflecting pool. And perhaps its sheer 166-foot tower will beacon religious architecture back into the advancing stream of history...
...Saarinens have given their block-square plan variety and privacy by devoting more than half the plot to a terrace sunk eight feet below street level. Its loggia, mosaic pavements, shrubs and flower beds will provide a pleasant setting for many a church supper, concert and pageant. Its pool will be used for public ice skating in winter, will help keep the church cool in summer. On this level the east and west wings contain an auditorium seating 500, reception room, kitchen, Bible School classrooms. The upper levels of the brick and Indiana limestone structure contain the light, airy church...
...idea: a pool of investment trusts to buy some of these British enterprises, perhaps sell them to the public. Quinn pointed to the pool Tri-Continental had formed last spring (TIME, May 20) that bought and later partly distributed the shares of great Newport News Shipbuilding & Dry Dock Corp. But the idea was older than that. When William Orville Douglas was chairman of SEC and Jerome Frank was his running mate, the U. S. economy was stagnating for want of new capital investment. The investment bankers, having no capital to speak of, were taking only seasoned issues they could retail...
Late last week a committee of worried investment trustmen met with Schenker in Washington, were reassured. They were told that the Government is exploring the pool idea because it fears that the investment bankers won't handle many of these deals. But since bankers, fire-insurance companies and anyone else who wants to are free to compete for the properties, there need be no fear of criticism for taking advantage of the British on price. Another incentive to fair pricing: RFC can always decide what is a "fair" sales price for these properties, lend the full amount...
...comparison with the size of the British holdings, the amount of pool capital discussed last week was chicken feed: $25,000,000 to $75,000,000. Such a sum would have to be revolved several times (as it easily could be) to make a dent on Britain's need. This week, Quinn & friends were back in Wall Street, still discussing. Meanwhile the British were discussing too. Faced with Morgenthau's ultimatum, they were still reluctant to put their properties on this or any other counter...