Word: sell
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Dates: during 1940-1949
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Harvard and Radcliffe branches of the National Student Association will open intensive drives in the dining halls today to sell 1949-50 purchase cards...
...Businessman Spanel and his ads, saying one was "a poetic construction well expressing the attitude of some demagogues of the extreme left ... A native of Russia and an admirer of the Soviet system might be pardoned in the error." The Journal-American headlined the column: AMERICAN PAPERS SELL ADVERTISING SPACE TO PRO-RED EDITORIALISTS...
...world's biggest gold buyer, the argument continued, the U.S. should raise its buying price to about $50 an ounce. Failing that, it should declare a free market in gold, i.e., drop the ban against citizens' buying, selling or owning gold, and cancel the requirement that miners sell only to the Federal Government. Producers confidently felt that freeing gold would boost the price, since it is now selling for as high as $70 an ounce in the free gold marts of India, China, France and more than a dozen other nations...
...sell & leaseback" deal was doubly advantageous. Yale would get a fairly sure tax-exempt income of 5.3% on its investment. Macy's would get its $4,500,000 out of dead brick & mortar into lively working capital, still have the use of the building. Since the rent is taxexempt, it is probably lower than Macy's would have to pay to a taxpaying owner...
Unhappy Treasury. But the U.S. Treasury was not quite so happy about the deal. It has been concerned about the problem of "sell & leaseback" since 1945, when Union College of Schenectady bought, for $16,150,000, the buildings of Allied Stores Inc., and leased them back to the company. Soon other colleges were buying not only real estate but commercial businesses as well. So many U.S. stores and other enterprises have sold their property to tax-exempt institutions* that the Treasury is now losing an estimated $1 billion a year in income taxes. A survey by the American Council...