Word: cashing
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Dates: during 1960-1960
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...this weird spiritualization of cash ("Money is the root of all good") is perhaps only an outward and visible sign. The real point of objectivism is rousing unembarrassed self-interest. For the best man is a tough-minded egoist, "a heroic being, with his own happiness as the moral purpose of his life, with productive achievement as his noblest activity, and reason as his only absolute." Firmly convinced that her own one absolute is reason, Author Rand has gone so far as to boast: "I have never had an emotion that I couldn't account for." Less fortunate people...
...corporations such as General Motors, International Business Machines, and National Cash Register, which have full-scale international divisions and plants abroad, know how profitable trade can be. But smaller companies, which cannot invest millions to make millions, tend to shrug off export sales, regard them only as a dumping ground for surplus domestic production. When there is an export department, it often operates at the lowest management level...
Just about every U.S. company extends credit-as liberal as possible-to its U.S. customers. But overseas, the same companies often demand cash on the barrelhead. Nor does the U.S. businessman research his foreign market as he does at home; he is nowhere near as anxious to serve each customer's special needs, is reluctant to modify his product to fit export needs...
...Columnist Walter Winchell reports that Zeckendorf and his son were riding through Manhattan when William Jr. pointed to a skyscraper and said, "Dad, I hear that building can be bought for $50 million." "Yes," replied Zeckendorf, "but they want $50,000 cash...
There, as throughout Germany, hundreds of Jewish businessmen were being persecuted by the Nazis, forced to sell their businesses at ridiculously low prices to get enough cash to flee Germany. Always a man interested in a cut rate-whatever the moral implications-Neckermann took advantage of the forced sales to buy the mail order house of Carl Joel. As a big supplier to the military, Neckermann was exempted from military duty when World War II began, became a Nazi well connected in party circles. At war's end, the Allies sentenced him to a year's imprisonment...