Word: hiram
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Dates: during 1950-1950
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Methodist Parson Hiram Milo Frakes had ridden his pony into the patch of Kentucky wilderness cut off by Big Pine and Little Log Mountains to bring religion and book learning to the dirt-poor, illiterate mountaineers. When Scott Partin found that out, he gave the parson some land to start building his school and church on. Bill Henderson was another Kentuckian who helped. He chipped in a 65-acre farm because "he'd rather his children would have an education than to have the farm." Before he could see the settlement that Parson Frakes made of his land, Bill...
...house has 89 partners. Its downtown Manhattan office is so big that back-row customers' men use binoculars to read the tiny stock-price figures on the automatic electric board. The overhead on this and 99 other offices across the U.S. is so big, laments Managing Partner Winthrop Hiram Smith, that "it costs us $70,000 a day just to open the doors." Last week, Merrill Lynch reported that not enough business came through those doors in 1949. Profits dropped to $2.3 million, down 36% from 1948, and the partners got an average of only $14,364 apiece after...