Word: cashing
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Dates: during 1950-1950
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...showed pictures of some of his prized possessions: a laundry business in Paterson, N.J., a $400,000 house in Deal, N.J., a $45,000 house in Hasbrouck Heights, N.J., a 1948 Cadillac, a 1949 Lincoln. He added casually that for incidental expenses he usually kept about $30,000 in cash around the house...
...Cash & Carry...
Last week, as the Oregonian celebrated its 100th anniversary, it was the owners' turn to change. For more than $5,000,000 in cash, they sold all their stock to short (5 ft. 3 in.) Samuel I. Newhouse, 55, able owner of the Harrisburg (Pa.) News (circ. 85,363) and Patriot (circ. 31,249), the Syracuse (N.Y.) Herald-Journal (circ. 126,179) and Post-Standard (circ. 77,970) and a string of five other Eastern dailies. Said Newhouse happily: "Most of my papers were sick when I got them. The Oregonian is the first that is at the height...
...stockpiling critical materials, "has clearly and miserably failed." The board had even neglected to take title to 460 million pounds of surplus wool held by the Department of Agriculture, had let it be sold to private buyers. Replied the board: Congress itself had failed to give it enough cash to build up a wool reserve, and the authority to take over the surplus...
After Pearl Harbor, faced with a drastic cut in radio production, Swanson and his partners scraped up enough cash to start another entirely separate company at Bangor, Mich. ("out of the high tax and labor shortage area"). There they started to produce for war. They manufactured such war goods as radio crystals and control units for target planes and eventually became one of the Signal Corps' biggest suppliers. At war's end, Swanson hopped into the rapidly expanding television industry, and opened a Los Angeles plant to produce tuners...