Word: put
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Dates: during 1950-1959
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Just after World War II, Navy brass urged Rockefeller to bail out a sputtering rocket pioneer, Reaction Motors. Against his financial aide's advice, Rockefeller put up $500,000. After a tough decade, Reaction grew strong enough to merge with Thiokol Chemical Corp. last year, and Rockefeller got Thiokol stock that is now worth $4,200,000. In 1950, Rockefeller put $202,000 into low-flying Marquardt Aircraft Co., a pioneer in ramjet propulsion; his interest zoomed to $5,200,000 after Marquardt started making ram-jets for the Bomarc missile. But the fastest rise...
Other German attempts to prop coal have also flopped. Last February Bonn put a $4.76-per-ton tariff on all coal imports exceeding 5,000,000 tons a year, mostly from the U.S. That only irritated U.S. producers. The tariff halved imports from the U.S. to 3,100,000 tons in the first six months of 1959, but German surpluses went up by almost 5,000,000 tons...
Range v. Money. The exotic-fuel program was a casualty of Defense Secretary McElroy's drive to cut back all "marginal" defense work in an all-out effort to pare down the 1961 budget. It put an end to present hopes for boron-powered planes that would get 40% more energy out of a pound of fuel, thus increase their range (or speed) without adding weight. The Navy has already spent $122 million in the program, the Air Force another $110 million. The first group of 20 B-70s with boron afterburners would have cost $3.5 billion...
...Electric Floor Washer. A lightweight electric floor washer that wet-scrubs floors and vacuum-dries them will be put on sale next month by the Hoover Co., North Canton, Ohio. Its motor creates a suction to pick up dirty water after the floor is scrubbed by nylon brushes. Price...
Self-Contained Music Player. A small (22 in. long, 51 Ibs.), automatic background-music player that provides 37½ hours of music on 16⅔ r.p.m. records was put on sale by Seeburg Corp. It will be leased for as little as $30 a month...