Word: cash
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Dates: during 1940-1949
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Fast Life. In Memphis, Ben S. Polskee became suspicious when a customer tried to cash a $289 railroad "retirement" check, promptly had 18-year-old Norman Settle arrested...
...saying what touched off the explosion, but shrewd La Salle Streeters put their finger on one possibility: the opposite postwar policies of Montgomery Ward and U.S. Gypsum. At Ward's, Avery has pulled in his horns and refused to expand, piling up cash for the depression he thinks is coming. At Gypsum, Keady had poured $53,800,000 into expansion and modernization, doubled Gypsum's gross to $148,555,269 since he took over, more than tripled...
...plenty of talking about raising taxes, the FRB chairman's remedy was just the opposite. The big trouble now, said Tom McCabe, was that there was a great shortage of risk capital, although "such risk taking has long been an American tradition." Businessmen either did not have the cash or found investment too risky in the face of high taxes. The thing to do, he said, was to ease taxes on business and businessmen. McCabe recommended that Congress study the entire tax structure, and consider such changes...
...Reducing income taxes, particularly in the upper brackets, to make cash available for investment...
...profits, Dobbs and Hull made their Ford agency the world's largest (they branched out to eight other cities) and made themselves millionaires. Says Dobbs: "It's all profit sharing. The more your employees make, the more you make yourself." Each month, as soon as enough cash had been taken in to cover overhead, Dobbs told his salesmen to cut profits to $1 a car, if necessary to get sales, because the $1 was all profit...