Word: adele
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Drought Relief. In Adel, Iowa, when city officials ordered local tavern operators not to sell him beer, Ivan Gowin sued the city for $25,000 because he had been unable to relieve his "exhausted and dehydrated condition...
...coming Ade Precision Products Corp. (Burbank, Calif.), specialist in aviation hydraulic and de-icing equipment. Actual purchase will be made by Giannini's $140,000,000 Transamerica Corp., which will swap about $1,700,000 worth of its Bank of America stock for 95% of outstanding Adel shares...
When finally bought, Adel will be the third war plant picked up by the Gianninis since mid-September. The other two: San Francisco's Enterprise Engine & Foundry Co. (estimated price: $450,000); Los Angeles' aircraft-parts maker Aerco Corp. (approximate price...
...Reason: like many war babies, the companies were short on working capital and long on excess-profits taxes. But in the Transamerica fold they have millions of working capital at their corporate fingertips, and the tax shield of Transamerica's hefty excess-profits tax exemption. Profits from the Adel plant may triple because the tax rate will be slashed from Adel's 80% to Transamerica...
...poll of sportswriters voted Iowa's little Nile Clarke Kinnick the No. 1 player of the year. Grandson of onetime Governor George Clarke of Iowa, son of a onetime quarterback at Iowa State, and catcher for famed Bob Feller on a schoolboy baseball team in his hometown of Adel, Iowa, Halfback Kinnick, in an age when most footballers play only 30 minutes of a game, played the full 60 minutes in six tough games. His passing, punting, blocking, running sparked Iowa to win six of its eight games...