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Word: first (lookup in dictionary) (lookup stats)
Dates: during 1960-1960
Sort By: most recent first (reverse)


Usage:

Macdonald and Berger found that Section 351 of the tax law says, in effect, that a person contributing assets or stock to form a new corporation can receive in return shares in the corporation equal in value to his original stock without paying a capital gain. Their first venture was Centennial Fund, Inc. In four months 191 investors turned in an average of $125,000 in securities to create a $25.8 million fund. In exchange for their shares, the investors got shares of Centennial, receive Centennial's earnings as dividends...

Author: /time Magazine | Title: INVESTMENT: Capital-Gains Stall | 12/5/1960 | See Source »

When the Bank of America began to phase in the first ERMA system two years ago, it cautiously kept its bookkeepers on the job to make sure ERMA did not err. But the system proved so efficient that Beise did away with the monitors...

Author: /time Magazine | Title: BANKING: The Machines Take Over | 12/5/1960 | See Source »

...beginning to automate. Chase Manhattan, the nation's second largest commercial bank, will soon automate its check-processing procedure, expects to save 20% on clerical costs. Chicago's Merchandise National Bank will start phasing in a duplicate of the ERMA system by next spring. Milwaukee's First Wisconsin National Bank is installing an advanced check encoder that in one operation imprints the checks with all the data needed to process them through an ERMA system...

Author: /time Magazine | Title: BANKING: The Machines Take Over | 12/5/1960 | See Source »

...maker. People also serve Dilly Beans in martinis, salads, sandwiches, cream cheese and beef Stroganoff-and have discovered that poodles love them. Eaten right from the jar, the spicy, nonfattening (1.5 calories each) green beans have inspired a new party sport: watching the expression of a novice trying his first...

Author: /time Magazine | Title: FOOD: Jumping Bean | 12/5/1960 | See Source »

This startling first novel is a sinuous pagan rite. Faith is a sort of classic nymph, but instead of trees, rivers and mountains, she haunts galleries, fine restaurants and her tasteful London house. Jacques is an ageless satyr, but instead of tootling the pipes of Pan in some mythic glade, he rummages in London garbage cans and beds down on park benches. He is human dirt, but of a kind that makes the earth earthy. She is refined past the point of passion, yet curiously unawakened, nervously expectant. In the hands of a less urbane stylist, a sexual encounter between...

Author: /time Magazine | Title: Books: The Lady & the Tramp | 12/5/1960 | See Source »

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