Word: invest
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Dates: during 1950-1950
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...great many producers 30 or 40 years ago used to invest their own money in their own shows. They all died broke," Composer Richard Rodgers and Librettist Oscar Hammerstein 2d, co-producers of six successive Broadway hits, including South Pacific, wrote in the New York Times. "It is not our intention to die broke if we can help it ... We believe that outside capital can and should be invited into the theater...
According to Bruce Harriman '50, president of the Key, neither the Dean's office nor the Student Council would provide the money necessary for the affair. Rather than abandon the idea the cabinet members decided to invest their own cast...
...chain-store brokerage business, and that, for half the year, the stock market had been only as busy as a corner grocery. What was wrong, said Directing Partner Charles Edward Merrill, was that "Americans spent more than $9 billion last year for new automobiles, and yet were willing to invest only $580 million of new money for industry by the purchase of common stocks . . . People . . . did not invest because they did not know enough about [stocks], or because they thought the risk was too great...
...wrote and found that four of the perpetual subscribers had been willed their subscriptions. A former Yale biologist philosophized: "No matter how broke I get I will always have something to will." Another said, "I regard it as the best investment I ever made"-a sentiment echoed by many. A U.S. Army intelligence officer wrote: "When I subscribed, I figured this is a new slant on the news-this will succeed." A social science teacher, who used TIME in her classes, explained: "After I married and became a homemaker I needed TIME more than ever to keep me in touch...
Professor Emeritus George H. Shull, of Princeton, had this to say: "Why did I invest in a perpetual subscription? Believe it or not, I did it because I thought that in this way I could help in the establishment of a type of periodical previously non-existent and which seemed to me to promise the greatest possible contribution to a self-governing democracy...