Word: payment
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...simpler times, business records consisted of a bill sent and a payment received. Nowadays, most big corporations are half buried under an avalanche of paper, and expand their records at the average rate of an additional file drawer each year for every employee. A home office, top-heavy with accounting-department records, may be cluttered with 35,000 file drawers that cost $50 a year apiece to maintain. To cut down this paper proliferation, a new kind of specialist - the corporate archivist-has turned up. Largest of these archivists is Manhattan's Leahy Archives, which maintains five storage centers...
...Last week, as Chairman Ralph J. Cordiner, 63, retired to his cattle and citrus ranch in Florida, he gloomily reported that so many of the firm's 500 complaining customers were holding out for more money that the final settlements may total upwards of $75 million. Biggest single payment: $6,470,000 to the Tennessee Valley Authority. The $50 million that G.E. set aside in 1962 cost company stockholders 240 per share and reduced net earnings to $2.72 per share, but at least, says Cordiner, nearly two-thirds of the claims have now been settled...
...hours after he was taken at gunpoint from a motel room on the California-Nevada state line in the Sierra Nevadas, Frank Sinatra Jr. was back home. Three men had been arrested and charged with his kidnaping, and all but $6,114.24 of a $240,000 ransom payment had been recovered. Besieged by newsmen's requests for details as to how its sleuths had caught up with the kidnapers, the FBI maintained a silence that seemed to betoken deep wisdom as well as becoming modesty...
...grazing land. Each town will have a school and a health center with a fulltime doctor and two nurses. The government estimates the cost of the Campeche project at $1,000,000, which the landowning peasants will repay at a rate of $1,200 per family -the first payment...
...stockholders who assembled quietly in a building on Philadelphia's historic Independence Square had no hesitancy in giving the Curtis Publishing Co. exactly what it wanted. By an overwhelming margin, they approved a management proposal for refinancing payment of some $30.5 million in mostly overdue debts...