Word: offseting
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Otis & Co. had charges of their own to make. They complained that K-F had used over $2.5 million of the company's funds to buy its own stock at $13.50 in order to "stabilize" the price just before the offering. This had caused "mounting criticism." To offset it, Otis had recommended that Kaiser and Frazer pay for this stock out of their own money, but they had refused...
...Editors still had a lot to learn about type and makeup for an 8½ in. by 11 in. page. But the sheets turned out last week (at the rate of four pages in 15 minutes) were clear and readable, with cuts as finely detailed as in offset printing...
...State of the Union message yesterday, Truman asked Congress to cut income taxes of both rich and poor by $40 per person, with an additional $40 reduction for each dependent. The estimated revenue loss of three billion dollars would be offset by increased levies on corporations...
Young's Way. Passengers needed little selling. The practically smokeless diesels provide a cleaner, smoother ride than steam. And railroads found that the high initial cost of diesels (the $600,000 is twice that of a steam engine) is offset by more efficient use of fuel, fewer layups, lower repair costs and less roadbed damage...
...surprise of the evening was Milt Buzby, who captured top honors in the 50-yard freestyle to provide an unexpected five points for the Crimson. This offset an unlooked for Tech uprising which netted the home team first and second places in the 150-yard backstroke event...