Word: assets
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When she started scouting for loans to finance a community-owned supermarket early last year, Harlem's Cora T. Walker could hardly complain about discrimination. White banks, local antipoverty agencies and well-to-do Negroes were equally uninterested. "We had no assets and no balance sheets," she explains, "and my board of directors couldn't give any personal guarantees." But before long, Miss Walker and the 16-member board of the Harlem River Consumers Cooperative found a hidden asset-in the fact that the people they were trying to help were willing to help themselves...
...will open Harlem's first cooperative super market. Located in Esplanade Gardens Cooperative, a middle-income apartment complex, the moderate-sized (10,000 sq. ft.) store will be the chief market not only for the 1,870-apartment development but also for surrounding tenement blocks. Its key asset, however will be its owner-customers, some of whom were enlisted by teen-agers selling $5 shares. The coop, says Miss Walker, 42, a practicing Harlem attorney, is the first Harlem store in which "the community has a vested interest." Cash Rebate. That interest is green as well as black...
...Father Harry J. Sutcliffe, 42, an Aramaic scholar who is director of the Episcopal Guild for the Blind in Brooklyn. Father Sutcliffe, blind from birth, frequently travels and lectures on interfaith relations and current affairs. Once when he mentioned to a friend that TIME would be a tremendous asset to him, the friend introduced him to Mrs. Joseph Brand, who set the volunteer program in motion. Starting this week, one of our messengers will hurry the magazine to the women as soon as it arrives from the printing plant...
...major asset: Bernstein had persuaded Mezzo Christa Ludwig to abandon her accustomed role as the youth Octavian for the lead role of the aging Marschallin, usually sung by a soprano. Ludwig's vocal prowess, womanly softness and pathos proved her a perfect choice. Said Bernstein: "She was so marvelous in the last scene that I cried watching her." And that was no Viennese exaggeration...
Lytton has made a career of living up to that flamboyant self-assessment. While competitors derisively nicknamed him "Black Bart," and grew apoplectic at his unbankerlike antics, he built his savings and loan holding company from a 1958 midget into a $685 million-asset mammoth, fifth largest in the U.S. And he burnished his status by becoming a patron of the arts, a party-giving friend of Presidents Kennedy and Johnson, and state finance chairman (from 1958 to 1962) of the Democratic Party...