Word: cashing
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Dates: during 1940-1940
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Thus the industry's salesmen could play their cash registers last week with scarcely a care in the world. But its analysts, meanwhile, looked soberly toward the horizon. Hazy, it seemed to show two clouds...
When the bad news about PM's condition was broken to the directors, PM counsel advised them that although there was still some cash in the till, the payroll could not legally be met because of other obligations. Naturally there was an explosion. But Director Marshall Field was not dismayed. He had faith that PM would eventually succeed, that it would eventually do great good in the world. He offered to take over the paper. Instead, temporary advances were arranged to keep it going while other directors scurried around looking for alternatives...
...Hotel sprang up-&-coming Crazy Water Co., with capital stock of $400,000, an $800,000 mortgage. It 1) rebuilt the hotel, 2) bottled the water, 3) produced Crazy Water Crystals by evaporating the water. Whereas the old Crazy Hotel, a mere therapeutic resort, had sold health on a cash-&-carry basis, Crazy Water Co. put it on drugstore shelves all over the U. S. Today its debt is down to $150,000, its physical assets...
...Financially, there was the revolutionary question of colonial-economy Argentina granting credits to banker-economy Great Britain. Blaming the U. S. cash-&-carry war policy for eating up her ready cash, Britain recently asked Argentina to send her foodstuffs on the cuff-reportedly ?43,000,000 worth. As partial payment Britain offered British-held Argentine bonds. But there was also an intriguing possibility: that the British lOUs might be discounted by Argentina in the U. S., turned into U. S. dollars. Argentina would thus get dollars needed to pay for U. S. imports while the U. S.-accepting the lOUs...
GOLD COMES IN BRICKS-A. A. Fair-Morrow ($2). Alta Ashbury wrote $10,000 checks to "Cash." Ultimately her rich papa got Bertha Cool and Donald Lam to look into a matter of blackmail seasoned with murder. Donald, a little, disbarred lawyer whom women adore, even outsmarts Hashita, his jujitsu teacher...