Word: shared
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Dates: during 1960-1960
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...today . . . Beating Secretary Benson around the head or damning the Democratic Congress will not help the farmer." In his specific proposals he then: ¶ Blamed the "majority" in Congress for blocking Administration efforts to modernize farm programs. ¶ Acknowledged that the Government helped get the farmer into trouble, should share the cost for getting him out.¶ Hinted that the parity price program is obsolete-"at its best it treats the symptoms and not the cause"-but postponed discussion of the problem of parity "since it is now before the Congress." ¶ Listed as "our major aim" an effort...
More than civic pride is at stake in the dwindling city count. As a city's population drops, so does its share of the state and federal tax revenue. San Francisco stands to lose up to $2,000,000 in tax kickbacks because other California cities have grown so fast that they will get bigger portions from the tax pot. New York City figures to lose $1,350,000 in state tax income because it slipped by 242,000 to 7,650,000. Sign of the times: most of what New York loses will go to suburban Nassau...
Newhouse's move was to buy the 40% block and rights to the 45% held by Sherman Bowles's immediate family. Even though employees hold voting rights to the family share through 1967, Newhouse is assured eventual control...
...Offer? Central directors will meet this week to decide on the deal and what price they will pay. They will have to hustle. The C. & O. has already hired Merrill Lynch, Pierce, Fenner & Smith to solicit B. & O. stockholders to accept its offer. The C. & O. will exchange one share of its common (worth about $63) for each if shares of B. & O. common or each share of B. & O. preferred. Perlman said his road is in a position "to make a better offer...
...network stretching from St. Louis, Chicago, Cleveland and Buffalo to the Pocahontas coal region of the Virginias. The merged roads would rank among the nation's top ten, have a 4,964-mile network with assets of $1.4 billion. Under the terms of the merger agreement, one share of Nickel Plate common would be exchanged for .45 of a share of Norfolk & Western. Since the two lines do not now link, the merger is contingent upon their obtaining an agreement from the Pennsy to connect over a m-mile link in Ohio...