Word: funding
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Dates: during 1950-1959
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...Peabody is not at all helped by the University in these essential renovations. We do this out of our pocketbook and on our own initiative. Fund raising is a difficult task but, if one sticks to it, eventually one finds the right person who is willing to pay for the revision of an area in the Museum that really needs...
...always been the case, the Peabody's troubles are mainly financial. The Museum is striving to make its exhibits more useful to both scholar and public by depending excessively upon a very slow process of fund-raising...
...currency that they wanted to turn into gold to buy in the U.S. rather than in Britain. The British government itself was also buying U.S. gold again for its reserves. During the early part of this year, Britain stopped buying to accumulate $200 million borrowed from the International Monetary Fund in the Suez crisis...
...there was no indication that any official action was being considered to stem the gold outflow. Treasury officials professed to be pleased at the growing signs that the U.S. policy of helping Europe to boost exports was running according to plan. Said Per Jacobsson, director of the International Monetary Fund: "I do not think the U.S. gold outflow represents any real threat to the dollar. With the U.S. possessing more than half of the world's gold it would be absurd to say that...
More extreme advocates of splitting say that all U.S. corporations should split their stock so that it sells at $10 to $15, where it can compete with mutual funds. Many funds price their shares in this range (e.g., Lazard Fund, One William Street), keep splitting so that prices remain low. Says Harold Clayton of Hemphill, Noyes & Co.: "A. T. & T., at 20 or 10 or 5, is a blue chip regardless of its selling price...