Word: borrowings
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With the long-term charters in hand, Niarchos was able to borrow money to finance bigger, faster ships. In the U.S. he built the 45,509-ton World Glory, the world's biggest tanker when it was launched in 1954. In Japan and Sweden last year, he placed orders for 15 new ships totaling nearly 500,000 tons, ordered two more in Germany. In Britain last week shipyard workers were outfitting the 47,750-ton Spyros Niarchos, the world's biggest tanker and fourth biggest merchantman ever launched in the British Isles...
...bill providing for financial aid to needy Massachusetts college students has been introduced into the State Senate by Sen. Philip A. Graham (R) of Beverly. If the bill is passed, any student from the state may borrow up to $1000 for each of his last three college years...
Gordon has another admiring friend, a rich Socialist named Ravelston, who edits a magazine named Antichrist. Ravelston tries his best to help Gordon, but it is against Gordon's principles to accept money from the rich. He prefers to "borrow" from his impoverished sister, who has to go without food in consequence. When Ravelston bleats: "You might as well have a decent place to live in," the man-of-principle only retorts: "But I don't want a decent place. I want an indecent place...
...defendant to his death--and yet permitting an eavesdropper to testify on the same subject. To some degree there is sense in this exaggerated piety: jurors being human, attempts to root out the jury's defects might end up rooting out its virtues as well, and judges, to borrow from Judge Learned Hand, "would become Penelopes, forever engaged in unraveling the webs they wove...
...annual banquet of the Divinity School Alumni Association, Dean Horton revealed plans for extending the School's activities into fields normally regarded as secular. He said he hoped to obtain faculty members who would study the relation between religion and paychology, so that the modern church could "borrow the techniques of mental health...