Word: chairman
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Dates: during 1950-1959
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...What the Democratic Party needs," goes a new saying of Washington coinage, "is a silent Butler." The reference is to Democratic National Committee Chairman Paul Butler, whose month-long butting battles with his party's leadership in Congress (TIME, July 20) has left the unhappy taste of ashes on many a Democratic regular's tongue. Last week Hoosier Butler's noisy rampage against what he feels is a too-moderate course by Senate Majority Leader Lyndon Johnson and House Speaker Sam Rayburn took a new turn. Paul Butler phoned Sam Rayburn for an appointment, then jogged...
...Chairman Butler's effort to mend things came after a flood of vengeful rumors (e.g., that he was trying to steal the presidential nomination) and a new outbreak of demands that he be fired. Pennsylvania's powerful Governor Dave Lawrence rebuked Butler for washing party linen in public, and West Coast Democrats were still shooting angry sparks because Butler had deleted praise for congressional Democratic leadership from a letter that California's Governor Pat Brown had sent in accepting membership on the liberal-hued Democratic Advisory Council...
GENERAL ELECTRIC. First-half profits climbed 13%, from $1.18 to $1.34, on a 4% sales rise, in what Chairman Ralph Cordiner called "a continuation of the steady improvement begun last year." Cordiner was "encouraged" by increased consumer spending and a hike in expansion spending by industry...
...LORILLARD. First-half earnings rose to $2.02 a share, up 15% from last year. The performance, said Chairman Lewis Gruber, was due to a $19 million rise (to $240 million) in sales of Kents, Old Golds and Newports...
Died. Eugene Meyer, 83, publisher, board chairman of the Washington Post and Times-Herald, who served his country with distinction: governor of the Federal Reserve Board (1930-33), first chairman of the Reconstruction Finance Corp. (1932), first president of the World Bank (1946); in Washington. At 57, Meyer capped a successful career as a financier by buying the bankrupt Post (1933 daily circulation: 62,000), over the years strengthened editorial policy, bought (1954) from Colonel Robert R. McCormick the Post's biggest Washington rival and political antithesis, the Times-Herald, boosted the daily circulation of the combined papers...