Word: investment
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Dates: during 1920-1929
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...gold in oil when he was 22, and a year later he was in the oil business with an Englishman named M. B. Clark and a mechanical wizard named Samuel Andrews. Bargaining and borrowing was Mr. Rockefeller's prime task. Once he told a Clevelander that he wanted to invest $10,000 before he hit that same Clevelander for a loan of $5,000. So it is easy to understand how the Standard Oil Co. was formed with a capital of $1,000,000 in 1870 when Mr. Rockefeller was barely...
According to Sarnoff it was the War that put radio on its feet, because influential men began to invest huge sums in the Marconi Radio Company. This was made necessary because the German submarines cut all the transatlantic cables. From 1920 on, the radio has advanced by leaps and bounds. From a business point of view, this new invention was sure to be a success because it accomplished the apparently impossible. The radio has saved approximately $30,000,000 for America, said Sarnoff, for it has greatly cut down the expense of transcontinental communication...
...although far from being the favorite beverage of Wagons-Lits Chairman Davison Dalziel, Baron Dalziel (pronounced Dee-el) of Wooler, figures indispensably in the diet of Lord Dalziel's shrewdly machinating colleague in the management of Wagons-Lits, Captain Jefferson Davis. Cohn, financial adventurer who has ventured to invest heavily in Wagons-Lits stock...
...years the right to export capital and invest it abroad has been denied to Frenchmen by the law of April 3, 1918. Evasions, numerous, have always been severely punished when detected. Last week this intolerable, emergency damaging of the flow of capital was ended by plump, jovial President Gaston Doumergue who signed a decree lifting the capital embargo...
...their real estate, especially upon dormitories used for the housing of students, many of whom come from outside the state. For example, 90 per cent of the students at the Harvard business school are from outside the state. She does not believe, for example, that the Salvation Army should invest in tax-exempt real estate here in Massachusetts $1,000,000 given it for the relief of the poor. For that matter, she believes that many so-called benevolent and charitable institutions, thriving on tax-exemption, do more harm than good. Mrs. MacFadden argues in favor of a head...