Word: solvently
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Story started as the private venture of two U. S. writers who were offended by the fact that no solvent publisher ran a magazine exclusively for "the best short stories." Bearded Whit Burnett and his pleasant, bespectacled wife, Martha Foley, were correspondents for the New York Sun in Vienna when they ran off 75 copies of Story's first issue on a rented mimeograph machine. The contents were by themselves and friends, including Kay Boyle and Oliver Gossman. This smudged, amateur attempt set off a literary explosion, is now worth $500 per copy as a curiosity. When they lost...
...Solvent Illinois Central...
...reached, Mr. Mackay was living in the superintendent's cottage on his Long Island estate, having closed his big house and stopped the salaries of his hundreds of gardeners, grooms and domestics. To-day with non-dividend-paying I. T. & T. selling at $9 Mr. Mackay is certainly solvent but he no longer plays godfather to anything from the New York Philharmonic to Nevada University's Mackay School of Mines...
...dollar to 44? since the year end. Certificates of deposit for Camaguey's 7% bonds soared from 2½? on the dollar to 12?. Manati's preferred stock climbed from $4 per share to $10. Cuban-American, one of the island's big companies still solvent, has watched its preferred double in value...
...turned in to the Treasury for redemption after six months but not sold because Mr. Morgenthau does not want them to seep into bank portfolios. But just why a thrifty citizen should be expected to gobble up an unmarketable, low-yield, non-coupon bond while savings banks are solvent remained a profound Morgenthau mystery...