Word: replenishable
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...prerequisite values and attitudes. Professional people learn the mores of professionalism by having professional parents, and businessmen are raised from childhood to take over father's business. But in our highly complex society this system is inadequate, because successful people do not have enough intelligent children to replenish the ever growing technocracy. As a result the society must recruit part of its responsible and talented elite from the unelite...
Every fall, in order to survive, the Clubs must replenish their ranks with members of the new sophomore class. Accordingly, early in October, the "punching season" opens in Cambridge. Actually the Club recruiting process is always in operation. Even during his freshman year a top Club prospect will be carefully eyed, his circle of friends sifted for other "club material," and a campaign strategy discussed. Both undergraduate and graduate members can nominate "punchees," and "legacies"--sophomores who have had a member of their family in the Club--will automatically be put on the list of men "to look over...
...light in the auto industry. Although July stocks of unsold cars and trucks amounted to 695,000 units, it was the smallest inventory for this time of year since July 1954. To help work off the rest of the load, Detroit carefully held back from rushing in to replenish dealer stocks, allowed shortages to develop in some lines of convertibles and station wagons. Looking ahead, the industry anticipated that July, August, September and October would pare inventories to new lows and clear the showrooms for new models...
BEEF PRICES will go up next year because supplies will head down. In Texas, beef on the hoof is selling for 14¾? a Ib. v. 9⅓½?a year ago; cattle raisers are holding cows off market to replenish their drought-thinned herds, but it will take them several years to do so. Result: beef output will slip from 83 Ibs. per capita this year to 81 Ibs. in 1958, only...
...trying to find a customer for the biggest single asset on his books-478,250 shares of Fairbanks, Morse stock worth about $20 million. But it is turning out to be his biggest liability. To buy the stock, Silberstein has to dig into scarce working capital. To replenish this capital, Penn-Texas has pledged 436,670 of the shares as collateral on emergency loans totaling $10.5 million. But to keep up the value of the shares, Penn-Texas has been forced to support the price of the stock by buying more and more...