Word: payment
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...orders to the 40,000-member United Textile Workers of America were tough and terse. To avoid suspension, barked the A.F.L.-C.I.O. president, the textile workers would have to clean house, bounce Secretary-Treasurer Lloyd Klenert, who, the McClellan committee revealed, had used union funds for a down payment on a house, charged the U.T.W.A. with such expenditures as his wife's brassières and $2,564.65 for 24 My Fair Lady theater parties. The union must also fire President Anthony Valente, whose home also was financed with union money. Last week, with Klenert's resignation already...
...declining revenues, and the heavy inroads of competition from trucks, airplanes and buses. In addition to competing with "subsidized" forms of transportation, said Symes and Perlman, their roads have suffered from "long delayed and inadequate rate increases, refusal to permit abandoning of unprofitable and unpatronized trains and facilities, inadequate payment for carrying mail, discriminatory excise taxes, excessive state and local taxes, unfair assessments for highway crossings, and other artificial burdens...
With a sigh of relief, the U.S. aircraft industry learned last week that the Defense Department would pay its bills after all. To 28 major airframe and missile contractors, Defense Secretary Neil H. McElroy sent a telegram rescinding the harsh 25% reduction in progress payment on contracts that recently threw manufacturers into a tail spin (TIME, Oct. 28). In its place, the Defense Department announced a new, less rigid series of payment "targets," under which the planemakers would get at least 80%, and possibly 90%, of their costs for work in progress...
...citizens of Haverhill, Mass. had shrugged off the motion picture as a flickering freak. Then an enterprising young (22) junkman named Louis Burt Mayer came to town and laid out $600 as a down payment on a onetime burlesque house. Mayer hid the shoddy past of his theater with a coat of white paint, installed an organ, and dug up a religious film called From the Manger to the Cross. His opening was a socko success. The lines of ticket buyers taught L. B. Mayer a lesson he never forgot: Americans want simple, clean entertainment...
...traffic rules" prescribe that no place in the freshman class of a medical school shall be offered to an applicant more than one year before the actual start of instruction for that class, and the payment of a non-refundable deposit shall not be required of any applicant prior to January...