Word: chalks
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...this year. Last week a private operator offered to relieve New York of this financial headache, reportedly was ready to pay upwards of $500 million in cash and bonds-give or take a few million-for the $2.1 billion transit system. Said O.(for Oscar) Roy Chalk, 51, able admiral of D.C. Transit System, the national capital's surface lines: "I'd like to prove that private enterprise, with $1, can go 50 times the distance that public enterprise...
...Chalk should know. He has run up a $10 million-plus fortune by making every dollar turn over many times-through borrowing. Son of a Russian immigrant shopkeeper, Chalk grew up in The Bronx (his neighbors were George and Ira Gershwin, and he fielded sandlot grounders batted by Lou Gehrig), rode the subways to New York University Law School ('31). With loans and his skimpy earnings as a young attorney, he bought Bronx apartments at Depression prices, later cashed in on World War II's real estate boom. Typical Chalk deal: in 1942 he bought the 16-story...
Hoopla Pays. In 1945, with only $60,000, Chalk founded the nonsked Trans Caribbean Airways by buying two DC-3s, and within two years it was earning $60,000 annually. Trans Carib expanded to lift thousands of refugees from Europe to Israel, tons of airmail from Europe to South America, flew charter trips from Johannesburg to Jerusalem. It grew so strong that in 1957 it won a regular U.S.-Puerto Rico route, became the first nonsked passenger airline in 20 years to win scheduled status (TIME, Dec. 2, 1957). Last year Trans Carib (including its major subsidiary, D.C. Transit) earned...
...Detroit contingent. "Where's Dave Garroway? He told us he was going to be here." Television's Garroway did not show, but NBC's Martin Agronsky was there, stage managing United Auto Workers' President Walter Reuther on to the footprints marked for him in chalk pn the platform, marshaling a crowd behind Reuther, while a producer with a megaphone exhorted everyone to wave the freshly printed PUT AMERICA BACK TO WORK signs for the camera...
...waiting for the word, had already dialed all but the last digit of the Hidden Well telephone number. Now he completed the call. "Liz is flipping," Eddie announced when he heard the news. "She's jumping all over the room." Said Liz: "I knew it all along. Just chalk it up to woman's psychology or intuition." Now, continued Liz, she would quit pictures (after making three more, that is). The marriage would take place on May 11, after Eddie gets a Nevada divorce, and Liz would like the ceremony to be performed by Rabbi Max Nussbaum...