Word: cashing
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Dates: during 1950-1950
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...fact, some feel that in a free-enterprising economy, which depends upon a constantly increasing supply of capital to finance expansion and create jobs, a siphoning-off of $90 billion in cash, plus the reserves of private funds, might be dangerous. Thus, there are prospects that if & when the Senate finally approves the new bill, Congress may start another study to decide whether Social Security should move towards a pay-as-you-go basis, with only a modest reserve for emergencies...
...changing some of the original proposals Truman compromised their non-partisan character and laid them open to partisan attacks by certain legislators and by lobbyists who make cash on government confusion. Congress, by keeping its collective head, can still pass all the Commission-backed proposals. But to save these plans, it must survive pressure and outwit the Capitol's balcony quarterbacks in the next few days...
...market was getting its biggest boost from the reports of fat corporate earnings (see above), even though many stockholders complained that management was hanging on to too much cash and not passing out a big enough share of the profits in dividends. Nevertheless, the profit news itself was so good that the market kept edging up with determination. It closed the week by breaking all previous 1950 high marks for the third time in six days. At 217.03, the Dow-Jones industrial average was the highest it had been since Sept...
Soon afterwards, on a trip to Italy, Salesman Saitz thought he saw a way to shoehorn Fleetwood out of its trouble. He asked the American Military Government to start Fleetwood again by putting up enough cash to ship the equipment to Trieste, where good labor was plentiful and cheap, and industry was needed. Saitz teamed up with Frederick A. McLaughlin, 40, a publicity man and an old Boston friend, and Thomas McCann, 34, a onetime U.S. vice consul in Rome, and formed the Trieste Shoe Co. Last week, after nine months of negotiations, Saitz put over his complicated deal...
Like the charmed rats of Hamelin, Americans scamper to follow the compelling advertisement, convinced that it would be disloyal and remiss not to "remember mother," assured that one remembers her best with cash, once a year. The business index will rise perceptibly, the sweet smell of roses and caramels will steep the land, but on Monday mother will be back at the washtub or Garden Club, bored, neglected and tired. --from the May 9, 1947, CRIMSON