Word: cashing
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Dates: during 1950-1950
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...Atlantic Monthly, Mary Bromfield described life with her farmer-writer husband Louis (Malabar Farm) Bromfield. The contents of his pockets, she noted, were a collection "worthy of the pockets of Huckleberry Finn ... a wallet filled with checks he has forgotten to cash ... a trick pocketknife, a cigarette holder, a cigarette lighter . . . part of a package of fruit drops, a pair of Stork Club dice ... an immense quantity of loose silver . . . clippings from the ten or twenty magazines and newspapers he reads every day, as well as a collection of crumpled and soiled memoranda...
...expansion had been founded on easy Government credit. Last week President Truman stiffened the terms. He slashed in half a $1,250,000,000 increase previously allotted for mortgage insurance, ordered 5% down payments required from veterans-who previously could buy new homes for nothing down, without even paying cash for closing fees. He also slashed by 5% the amount of FHA mortgage insurance available for non-G.I. buyers. (The immediate effect was to start a rush to buy homes, and the scare sent house prices rising.) The President was hoping to divert to war uses some...
...strain on an economy which, even before the Korean war began, had spurted to a peacetime high. In June, the Federal Reserve Board reported last week, the index of industrial production had pushed to 197, two points above the November 1948 peak. The U.S. consumer also had plenty of cash with which to buy goods; the Commerce Department reported that wage and salary payments in May had reached a yearly rate of $139.2 billion, another peacetime record...
There was hysteria nowhere, though a few overzealous merchants hoped to cash in on any they could stir up. "War is not around the corner, it's here!" shrilled Dallas' Alexander Motor Co. "What will you do? Play safe or be caught with an old car?" Even without such a shock treatment, there were people who, remembering World War II shortages, rushed to get on new car waiting lists. Tire sales zoomed, but there was little evidence that housewives were stocking up on groceries...
...four months an Oakland jury listened as disillusioned disciples told of C. (for Cash, he explains unabashedly) Thomas Patten's talents. There was a caterer who said he had given Patten $10,000 ("I never had but a few dollars to give my wife''), a $35-a-week charwoman and her husband who had handed over...