Word: bank
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Dates: during 1950-1959
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...Company; Thomas S. Lamont '21, vice-chairman of J.P. Morgan & Company; John L. Loeb '24, partner of Carl M. Loeb, Rhoades & Company, New York investment bankers; Ralph Lowell '12, president of the Boston Safe Deposit and Trust Company; and David Rockefeller '36, executive vice president of the Chase Manhattan Bank...
...District (Union County), handsome, bustling Assemblywoman Florence Dwyer, fiftyish, took away from personable, 36-year-old Democrat Harrison Williams Jr. the seat he has held since 1953. Even more startling were the results in traditionally Democratic Hudson County, whose two House seats the Democrats had considered money in the bank. In the 14th District, bumptious Democrat T. (for Thomas) James Tumulty, whose boast it was that he carried more weight (330 Ibs.) than any man in Congress, ran well behind 49-year-old Auditor Vincent J. null In the 13th District, 45-year-old Major Alfred Sieminski, a Princeton-educated...
...term almost all of the cast had been assembled and issued scores to learn over the summer. Through patronage a bank account developed--to the producer's profound relief...
...higher, picking up momentum every month. Warns Sears, Roebuck Chairman Theodore V. Houser: "With industry operating at capacity, inflationary pressures are created which spill over into labor, new materials, prices and demands for all forms of goods and services." Adds David Rockefeller, executive vice president of the Chase Manhattan Bank: "We have reached a point where we stand on the verge of trying to grow too fast, if indeed we have not already started." Says H. Frederick Hagemann Jr., president of Boston's Rockland-Atlas National Bank: "To continue to inflate to even higher levels may lead...
...bankers and businessmen, the strongest danger signal is credit, which has been slowed down, but apparently not enough. Despite the tightening of money by the Federal Reserve Banks and the highest bank discount rate (3%) in 23 years, consumer credit is still rising, has climbed some $4 billion since August 1955 to an annual rate of $37.5 billion. What worries Sears's Houser and others even more than rising credit is the apparent lack of concern over mounting inflation. They fear that the U.S. is lulling itself into a state of mind which accepts inflation as the normal, natural...