Word: postalized
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...parties recently gathered to hear Professor Keynes expound "Deferred Spending." Originally the Keynes Plan was for the State to take a portion of all incomes above ?150 ($600) yearly-this would exempt some 12,000.000 British wage earners from the Plan-and give in exchange 2½% Postal Savings Certificates redeemable after...
Additional guests will include Peter B. Tague, Postmaster of Boston; Patrick Conley, Assistant Postmaster in charge of mails, and a dozen representative postal authorities of the Boston district...
...Government expenditures, excluding postal receipts and debt retirement, of $9,210,091,000 in 1939 against...
...What old Postal bondholders (or I. T. & T.) will get out of the deal depends on A. C. & R.'s subsidiaries. At an earnings level before interest and taxes of around $1,500,000 (about 30% above their combined earnings for 1939) I. T. & T.'s two-thirds stock interest in A. C. & R. gives it a better return than Postal bondholders, who have the larger bond interest. As for the Postal bondholders' interest in the new Postal, what they get will depend on whether the land lines can work a miracle, stay...
President of the new Postal is a tall, smooth ex-accountant named Edwin F. Chinlund, who twice in his career has been a partner in Arthur Andersen & Co. (auditors), in between was vice president and comptroller of I. T. & T. Chinlund's immediate job will be to compete more aggressively with big, hungry Western Union. But the long and more complicated end of his assignment is negotiating with Western Union, investors, labor and Washington for a merger of the two sickish systems into one with a better chance of making money...