Word: c
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Dates: during 1950-1959
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...Democratic state central committee of Illinois met in Springfield one day last week to perform an embarrassing chore. Their problem, as Chicago Mayor Richard Daley put it, was to choose in "open and free balloting" a substitute for Cook County Treasurer Herbert C. Paschen, who stepped out of the race for governor two weeks ago, after disclosures that a $29,000 employees' "welfare fund" administered by his office had been used for political purposes (TIME, Sept...
Chromatic Collection. Nina poked around in the bright jumble on the C. & A. counters and latched on to five natty little numbers-a chromatic collection of feathered "half hats" in mauve, yellow, black and white, and a pert red wool beanie. The whole lot came to ?1 12s. 11 d. ($4.61). The next thing anyone knew, the hats were in her shopping bag and Nina was in the hands of some hard-eyed store detectives who decided that she had failed to go through the capitalistic formality of paying. Naturally, Nina couldn't understand a word...
...other hand, S. (for Seth) Clark Beise (rhymes with high C), president of the Bank of America, biggest U.S. bank (1955 installment loans: more than $1 billion), feels that there is "insufficient evidence that there are not enough funds to finance necessary capital outlay. There are enough long-term loans available and enough equity loans." Bill Martin himself summed up the controversy last week: "Thoughtful people, who take the long view, approve. People who are pinched naturally say it will only bring on a depression...
...year Martin was appointed Ex-Im chairman (at $15,000), presided over the bank's expansion of capital to $3.5 billion. Determined not to allow the bank to become a handout window, Martin once refused to make a loan to China that had been requested by General George C. Marshall, then Secretary of State, insisted that he would never approve a loan unless it were economically sound. In 1948 Martin took a $5,000 pay cut to go to the Treasury as assistant secretary for international affairs...
...Avery C. (for Comfort) Adams, 58, moved up from president and chief executive of the nation's 13th-ranking steel company, Pittsburgh Steel (ingot capacity: 1.3 million tons), to the presidency of the fourth largest, Jones & Laughlin Steel Corp. (ingot capacity: 6.2 million tons). Yaleman Adams, a slender six-footer, started as an open-hearth laborer in 1919 at the old Trumbull Steel Co., where he worked up to assistant general sales manager. Later, he held vice-presidencies with Inland Steel Co., U.S. Steel Corp., Portsmouth Steel Corp., Detroit Steel Corp. Adams caught the fancy of Jones & Laughlin...