Word: optional
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Dates: during 1940-1949
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...heroine is hostess; the novel exhibits the breakdown of 1) the principle of selection, 2) the circle, and 3) the hostess. Miss Howe (sister of radio commentator Quincy Howe, daughter of Mark De Wolfe Howe) works a modest claim in territory on which J. P. Marquand had an option. Her ear is attentive, though incapable of his flights of parody; her knowledge of Boston, Cambridge and Harvard politics is sharp and sometimes subtle; her style is firm, though it would have been firmer to reject a few cliches: metaphors involving roots and tides appear regularly at big moments...
...expected to do this was a Kansas City coal man named Kenneth Aldred Spencer, president of the Spencer Chemical Co. He got Jayhawk on a lease with an option to buy for $20,000,000, two-thirds of the original cost of the plant...
With capital furnished by Hoving and his associates, the newly formed Hoving Corp. bought 22% of Bonwit's outstanding stock from Floyd Odium's Atlas Corp. Hoving also got an option on an additional 74%. Before long he expects to take over control of Bonwit. Then he plans to open branches under the Bonwit name in other U.S. cities...
Colorado Fuel & Iron Corp., second best bidder, proposed to lease the plant with an option to buy, pay the Government rent of $2 for every ton of steel manufactured. Colorado Fuel also proposed to spend up to $47 million for added facilities, pay not less than $80,000,000 if the purchase option is exercised...
...enough to operate one of the Oak Ridge atom plants and with a large legal department (not to mention outside counsel paid an annual retainer of $30,000), this was a major boner. Only five days before, the U.S. Treasury had announced that the difference between the market and option price of stocks sold to employes will be taxed as income. (Previously there was no tax on exercising options, only the capital gains tax on resale.) The ruling was based on a Supreme Court decision handed down, effective Feb. 25, 1945, on that date. Up till then, stock option plans...