Word: touts
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Dates: during 1960-1969
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...Cincinnati, a race-track tout named Keith Harold Robinson was found not guilty of trespassing at River Downs track. Robinson, said the court, was not on the premises illegally; he had paid for a two-dollar ticket of admission. For the track, and for the Thoroughbred Racing Protective Bureau, the verdict made a major problem out of a minor incident: Robinson filed a $100,000 suit for damages. While he was held for six days on the trespassing charge, he said, "his loyal and faithful dog," an 18-year-old mongrel named Skeeter, "was left unattended and, as a direct...
...love-hate relationship," he emphasizes that "there are aspects of the professional theater which appall me." Most simply, he decries the "big business of Broadway" which emphasizes a criterion of achievement "only incidently related to merit." And he finds the theater in "pretty dismal shape when we have to tout Albee as our leading playwright...
...this can be intolerable to the eccentric himself if he is a dedicated exhibitionist. Bernard Kops has been a poor Jewish evacuee from the blitzed East End of London, a waiter, an actor in terrible road companies, a book peddler, a songwriter, a bum in London and Paris and tout for a brothel in Tangier. He has told all in a sort of breathless antistyle that can be the most irritating of all styles. Every frightful thing that happened to him (and the rare pleasant event) is told in exactly the same tone of voice as if his book were...
...turned an equally cold eye on mutual fund salesmen. The lure of plumper commissions prompts salesmen to tout the plans with front-end loads above all others. An Investors Planning Corp. salesman who sells a 121-year front-end plan at $20 a month, for example, collects $57 in commissions on the first year's payments of $240; if he sells a $1,000 one-payment plan, he gets only $32.50. Most mutual fund salesmen are part-timers who earn less than $1,000 a year, and many of them are ill-trained recruits who give up the game...
...Many investment advisers are "irresponsible." Some market letters glowingly recommended shares in companies nearing bankruptcy, often drawing their false data from other misinforming tout sheets. Recommendation: tougher surveillance of market letters by stock exchanges and dealer organizations...