Word: worth
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Dates: during 1950-1959
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First to get a peek at the gallery were an American and a Briton, each of whom had bought more than $14,000 worth of Farouk's stamp collection. The American marveled: "Boy, this is certainly some collection of dirt!" Mused the Englishman: "I cannot understand why the monarch, who was surrounded by so much that was desirable, found pleasure in such obscenity." Meanwhile, four city fathers of Venice demanded that Farouk be kicked out of his Italian exile because he offends "national dignity and morality...
...Atkinson, Kerr and the Post's Richard Watts have a similar "personal" yardstick. The Mirror's Robert Coleman ("My readers consider me a ... shopper for them"), the Journal-American's John McClain ("My duty is to tell my readers whether or not a show is worth the price of a ticket") and the World-Telegram and Sun's William Hawkins ("My role is informative ... as is any good shopping service") all take a somewhat less individualistic view of their roles...
...will kill it. Actually the critics, who really want people to go to the theater, are often kinder than the public, are frequently berated in letters from disappointed theatergoers. Commented Critic Chapman: "Ticket prices are such that today's theatergoer, demanding a guarantee of his money's worth, wants only the hits . . . This results in the almost disastrous 'hit or-flop' state of the theater...
...reason: while the plans called for bailing out the system's bondholders (and the fourth even offered something for the preferred stock), they left nothing for the common. Last week, two ICC examiners recommended a fifth plan, under which bondholders and preferred stockholders would get new securities worth the full value of the holdings, plus accumulated interest and dividends. The preferred stockholders would get control of the road. This time Young and other common stockholders would get, as an ICC staff member said: "Something less than a toe hold...
...could be exchanged for a second issue of common stock only if the Mopac earns at least $76.1 million a year before interest and federal taxes in seven consecutive years out of the next 15. The chances of such earnings, and thus of the common stock's being worth anything, are slight. Only in 1942, 1943 and 1944 were the railroad's earnings as much as $76 million. Since then they have slipped, and last year's earnings before interest and federal taxes are estimated at $44.7 million...