Word: reopener
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Dates: during 1950-1959
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Happy Citizens. At week's end, as FDIC prepared to start paying off on insured deposits, a businessmen's committee raced to Washington with a plea: Would the Government permit them to raise fresh capital locally so the bank could reopen? Finally, Washington agreed to charter a new bank to replace Rose's old bank, if the townsfolk would raise $1,050,000. The new Ellenville National Bank would inherit Home National's good accounts, while FDIC would assume the dubious ones, continue liquidation of the old bank. Back home, the businessmen scoured the town, selling...
Modern Developments. Meredith pioneered again when National Life became the first life-insurance company to offer open-end mortgages (i.e., letting homeowners reopen their mortgages to add the cost of home improvements) on a nationwide basis. It attracted widespread interest; again, about half the new mortgages are open...
...help with early financial difficulties, but in 1639 the first master, Nathaniel Eaton, was dismissed on complaints of brutality. The quality of food his wife dispensed was also an issue. For the next academic year (1639-40) the College was deserted. Many thought it would never reopen...
...margin chain-store competition, many chain operators have found that Sunday volume has become too big to jettison. A big Arkansas supermarket operator who returned to the six-day week found that receipts dropped 40%. In Indianapolis, after agreeing to close on Sundays, the Kroger chain was forced to reopen nine of its 16 markets...
...peace. Integration is automatically a threat to the peace; ergo, any school permitting it must be withdrawn from the public-school system. Should the governor fail to persuade the offending school to change its mind, he can either: 1) let its state funds lapse, or 2) order it to reopen on a segregated basis...