Word: trustfund
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...shares in the Nieman estate were acquired by the Journal Co. and Miss McBeath at $3,500 a share, Miss McBeath buying in her part of the trustfund. Next, one-fourth of the Journal's total stock, split 100 for 1 to convenient $35 units, was offered for sale to Journal employes of five years standing. Since 531 Journalists qualified, each employe received an initial stock quota of from $500 to $5,000, based on his pay & rank...
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