Word: offing
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Dates: during 1960-1960
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Where It Counts. The expansion of international trade requires more gold in circulation, yet the U.S. holds half the free world's gold and keeps two-thirds of it tied up by its reserve requirements. Most economists feel that, where gold was once the only solid discipline in an...
COUNTRY CLUB DUES may go up because of new Internal Revenue ruling on all nonprofit social clubs. Revenue bureau is cracking down on clubs that have too much income from rentals of club facilities for outside functions, a device used by many clubs to keep dues down. Taxmen cited a...
TRADING-STAMP BAN won a state Supreme Court test in Wyoming, first state in 40 years to uphold a law outlawing stamps. Said the Wyoming court: "The lure of trading stamps is an evil" because it discriminates against small merchants.
ONE of the richest men the in the U.S. is Allan Price Kirby, 68, whose personal fortune is estimated at nearly $300 million. He is chairman, president and controlling stockholder of Alleghany Corp., the vast holding company whose assets include control of the New York Central and the $3 billion...
Allan Kirby is an old proxy fighter himself, but in the past he was able to do his battling by proxy: he supplied the capital while the fighting was done by his more flamboyant partner, Financier Robert Young. While Young killed himself two years ago, Kirby had no choice but...