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...that it might stop, but that it might roll ahead too fast. The season's new splurge of auto buying pushed consumer credit up another $750 million to an alltime record of $33.6 billion. At the Chicago meeting of the American Bankers Association, Treasury Under Secretary Randolph Burgess warned: "The very growth and prosperity of today have brought the threat of inflation." There were some bankers who agreed with him. However, many said that they hesitate to turn a customer down, because they know he can very easily take his business to a finance company, or to another bank...

Author: /time Magazine | Title: STATE OF BUSINESS: You Can't Build Too Fast | 10/10/1955 | See Source »

...Young Men. Duggan brilliantly sets the scene: the turmoil of 12th century England, in which Norman rule was still insecure. Since the conquerors felt they must stick together, it was possible for an ambitious young Norman lad, though only the son of a Cheapside burgess, to get a helping hand from Norman nobles. Young Thomas managed to acquire both a knight's training and a lawyer's education, a combination which, while he was still in his 30s, had drawn him to the attention of England's brand-new young Norman King, Henry II. Redhaired, red-tempered...

Author: /time Magazine | Title: Books: Self-Made Martyr | 10/10/1955 | See Source »

Thus British Critic Cyril Connolly once described two flagrant and flamboyant British traitors: Guy Francis de Money Burgess, 44, and Donald Duart Maclean, 42. Last week the British government, prodded by the revelations of Vladimir Petrov, the Russian MVD boss who defected in Australia, told a bit more about the British spies who escaped in 1951 and are now apparently alive somewhere behind the Iron Curtain. The 3,500-word white paper was not the whole story, but with the facts contributed by Petrov, it made possible for the first time a cohesive account of The Case of the Missing...

Author: /time Magazine | Title: GREAT BRITAIN: The Missing Spies | 10/3/1955 | See Source »

Recruited. Their treason began in the middle '30s at Cambridge, where apparently wild-minded Guy Burgess, the well-schooled son of a Royal Navy officer, first met Donald Maclean, son of a former Cabinet minister and a young man with a promising future. Both moved in Communist circles. It was just before the Spanish Civil War, and both were outspoken in their dissatisfaction with the conduct of world affairs, Maclean to the point of declaring that he wanted to work for the Russians. It was at this time, says Petrov, that they were recruited into the Soviet espionage service...

Author: /time Magazine | Title: GREAT BRITAIN: The Missing Spies | 10/3/1955 | See Source »

Holding his first annual cattle auction at his farm near Carthage, Tenn., Democratic Senator Albert Gore unloaded 51 females and four bulls for a tidy gross of $69,530. Observing the auction, Artist-Author Ludwig (Hotel Splendide) Bemelmans was so carried away by Miss Burgess of Marwood, a Black Angus yearling heifer, that he got her for $1,250. "She had such a kind face," Bemelmans explained, "I couldn't keep from buying her. I also liked the idea of keeping her for a pet, not raising her for slaughter." To put Miss Burgess up, Bemelmans will...

Author: /time Magazine | Title: People, Oct. 3, 1955 | 10/3/1955 | See Source »

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