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...dime novel, was created in his mental image, and a great publishing industry was built to produce it. At the head of the industry during the early years stood the house of Beadle and Adams. The history of that house and its publications is the year's choicest chunk of offbeat Americana, a huge, cheerful corpse from the literary morgue...

Author: /time Magazine | Title: Books: The Yellowbacks | 7/10/1950 | See Source »

...Levitts' more expensive Strathmore developments) the brothers get another $150,000 a year apiece. And when they sold 4,028 of Levittown's rental houses (leaving them only 1,600 rental units) to Philadelphia's Junto School (TIME, March 13) for $5,150,000, a big chunk of it was clear profit, taxable at 25% as a long-term capital gain...

Author: /time Magazine | Title: HOUSING: Up from the Potato Fields | 7/3/1950 | See Source »

...Manhattan's special sessions court this week Gambler Erickson meekly entered a plea of guilty on all counts (maximum penalty on each: $500 fine and one year in jail). But a trial might have been worse. Hogan's men had found that a big chunk of his $100,000-a-year income came from Florida's Colonial Inn, a gambling enterprise he shared with Detroit gamblers, New York Gangsters Meyer Lansky and "Jimmy Blue Eyes" Alo, Brooklyn's Joe Adonis. Erickson would not want to get those fellows into trouble...

Author: /time Magazine | Title: GAMBLING: The Big Mistake | 6/26/1950 | See Source »

Pallid Flags. Nearly every house and building in South Amboy was damaged. Regular troops from nearby Fort Monmouth were rushed in, took up guard over the blasted banks and the post office. In Perth Amboy, two miles across the estuary, hundreds were cut by shattering glass and a chunk of steel buried itself in a downtown sidewalk. By midnight, South Amboy swarmed with ambulances and fire engines. Some 350 people were injured, 57 of them hospitalized. Others patched their own cuts, tramped the streets peering at wrecked stores, excitedly comparing notes. Through the town's shattered windows, white curtains...

Author: /time Magazine | Title: DISASTER: The Last Shipment | 5/29/1950 | See Source »

...fishermen went out in their boat and also failed to return. The last to report their boat was a fisherman who said he saw them hove to about 10 at night with a larger craft alongside. Then a man's body, bound and strapped to a 98-lb. chunk of iron, washed ashore in the Trinidad Yacht Club's bay. The victim was identified as Philbert Peyson, member of an organized gang of burglars, holdup men-and possibly pirates. There was reason to believe that he was under suspicion by his fellow gangsters as an informer...

Author: /time Magazine | Title: Blood & Plunder | 5/29/1950 | See Source »

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