Word: bank
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Dates: during 1960-1969
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Gaping holes were left in the windows of the W.T. Phelan and Co. real estate and insurance firm and the Reliance Co-operative Bank on Dunster St. and the Mt. Auburn St. laundry establishment of C. T. Chin. New glass was installed in all the windows yesterday afternoon...
...many years. The Murphy family has long had a comfortable summer house in Seal Harbor near the Rockefellers' place on Mount Desert Island, Maine. (As a boy, Dr. Murphy was a particular chum of Nelson's brother David, now board chairman of the Chase Manhattan Bank.) About ten years ago, the Rockefellers sold Dr. Murphy 13 acres near their large estate in Pocantico Hills, up the Hudson River at Tarrytown, and Dr. Murphy built himself a handsome one-story house there in what might be described as Japanese modern...
...THRIFT: "Meanness inherits a set of silverware and keeps it in the bank. Economy uses it only on important occasions, for fear of loss. Thrift sets the table with it every night for pure pleasure, but counts the butter spreaders before they are put away...
...complex-including a ten-story curved glass building, the first of two similar structures-Murdock has already installed a bank, a savings and loan company, an insurance agency, a title company and a stock broker, all of which have access to a Univac 1107 computer that will process their accounts. Murdock also hopes to have a finance company, a mortgage banking firm, a factoring company and other financial services in the center, so that a typical "shopper" theoretically would be able to settle all his financial affairs on a single trip...
...weakening real estate market a few years ago, Murdock figured that it was time to move some of his money into broader areas. "We've learned something from the Zeckendorf experience," he says, referring to the financial woes of Manhattan's William Zeckendorf. When he wanted a bank tenant for one of his new buildings, Murdock went out and formed his own bank. In 1962 he walked into the board meeting of Central Investment Co., a holding company whose directors were feuding, and bought a major interest on the spot. He acquired two more banks and a title...