Word: accounting
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Dates: during 1950-1959
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...untold account of how Project Argus was hastily organized last summer to beat President Eisenhower's deadline for suspending nuclear tests, and the perilous and secret voyage of the Norton Sound around Cape Horn under forced draft to fire the rockets 300 miles into the sky over the South Atlantic, see NATIONAL AFFAIRS, on the Voyage of the Norton Sound...
Arthur Miller is one of our leading contrivers of theatrical explosion, and the trial scene of his Crucible blows up with a thoroughly characteristic, thoroughly effective blast. The rest of his account of certain diabolic activities in Massachusetts is uneven but interesting; Mr. Miller's utter, earnest conviction flames forth from every line of it. The performance it receives at the Charles Playhouse is incompletely authoritative (many of the players, for one thing, are badly in need of diction lessons), but still worth a visit...
...Trust Co., seventh biggest in the U.S., launched a plan to give customers frequent loans without bothering to make loan applications. The system, adopted so far by some 20 major banks: the customer gets a line of credit, usually from $100 to $6,000, that goes into his checking account. He then writes checks, pays back in twelve or more monthly installments, is charged 1% or more monthly interest on the outstanding balance...
...Chicago meeting that profits from the plan not only run 50% higher than on personal loans, but that it has helped boost personal loan business 40% by popularizing credit. Said Hassinger: "Don't be surprised if this plan does ultimately displace most everything but the open charge account with the grocer and other retail outlets...
...story has been superbly and not too technically told by Captain Russell Grenfell in The Bismarck Episode (TIME, June 27, 1949). Forester's account subtracts many of the facts needed for clear understanding and adds only synthetic excitement. The book is intended as the basis for a British documentary film-a B script for a BB movie...