Word: ammidon
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...livened things by actively seeking new clients, e.g. advertising on the society pages. Strong cast aside the tradition that U.S. Trust chief officers linger on (one quit at 104). And he reached into the outside banking world to hire as president and his eventual successor tall, handsome Hoyt Ammidon (Yale, '32). Ammidon was a 20-year veteran at New York's Central Hanover Bank and Trust Co., and for five years personal-investment manager for Multimillionaire Vincent Astor. Last week, right on schedule. Strong retired at 65, and Ammidon, 52, stepped up to chairman and chief executive officer...
...situation of making 60% of its income from management fees, only 40% from interest on loans and its own investments. In recessions, the U.S. Trust way makes for stability, but in good times, when loans are in demand, other banks pile up profits faster. To get more loan income, Ammidon is actively seeking large commercial deposits-particularly from companies in which U.S. Trust is a big stockholder-and in three years hopes to raise deposits, to $300 million from $194 million...
Seconds after an Eli shot bounced off the post, Pratt juggled Hoyt Ammidon's 35-footer between his legs for a goal at 5:55 of the third period. The Crimson retaliated with goals at 7:03 and 8:06 by Collins and Higginbottom, both on rebounds from shots by a defenseman. Then with the score 5 to 4 and time running out, Yale was in the process of pulling its goalie when McGonagle rapped a high shot past Pratt from 10 feet to send the game into overtime...
...crusading U. S. merchant of church supplies, Horace Lytton Varian, president of Baltimore's Ammidon & Co., the Sheffield incident was very satisfying. Mr. Varian, an Episcopal church usher himself, has no high opinion of some churchgoers. He calls those who do not give liberally "snitchers" and "ecclesiastical lice." As an expert on collections who knows that open plates do not encourage largess in the U. S. he predicted last week that in Sheffield Mr. Ashcroft's 20% increase would soon dwindle...
Less than 1% of U. S. churches use alms bags. Such bags, stretched on wooden frames, contain openings too small to admit the hand of a thief (and Churchman Varian declares there are plenty of thieves). Lately Ammidon & Co., which markets collection plates and hence has nothing to lose, began advertising alms bags in the church press. But Ammidon & Co.'s crusade has been fruitless. To date the firm has sold two pairs of bags, both to a church in the tropics which had experienced a wave of alms thefts...