Word: bank
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Dates: during 1960-1969
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Dragging Dollars. The financial side of the supersonic is dragging even more. To give it some lift, President Johnson has appointed a seven-man board of directors, including former World Bank President Eugene Black and Treasury Secretary Douglas Dillon, to advise him. The Government originally planned to put up 75% of the supersonic's estimated $1 billion development cost, but Black has recommended a costlier 90 to 10 split with the manufacturers...
...Bank Work...
Gartner, who is also chairman of the Boston chapter of CORE, told of his group's efforts to increase employment opportunities for Negroes in Boston's three largest banks. As recently as last summer, less than 1 per cent of the bank employees in Boston were Negroes, he said...
Although more than 80,000 Negroes live in Boston, only one was employed by a bank in a position of contact with the public, prior to the CORE campaign, Gartner continued...
...result of intensive negotiations with executives of the three banks, a vigorous recruitment program for qualified Negro bank employees at all skill levels is now underway, he added...