Word: circulares
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Pride of the Italian Alps is Sestriere (see color pages), a name relatively new to Americans. Its two circular hotels, La Torre and the Duchi d'Aosta, rear out of the snow like overgrown silos; the Duchi guest rooms are reached by a continuous ramp around a sunlit core, something like Manhattan's Guggenheim Museum with chambermaids. Both La Torre and the Duchi d'Aosta are moderately priced inns; their sister hotel at Sestriere, the Principi di Piemonte, ranks high in Europe's catégorie luxe, is decorated with expensive taste and has rates...
...essentially the same Kline painting is in the Whitney called Probst I, and all you can say is 'So what's new?' Adolph Gottlieb's Soft Blue, Soft Black is another arrangement of one big circular smudge hovering over another, the lower more like a gear, the upper more like a sun. He's been doing it for years...
...your article on the ambassadors, the "Dress Circular" instructing American representatives abroad to use "the simple costume of an American citizen" was not decreed by Andrew Jackson in 1853 (he died in 1845) but by William Marcy, Secretary of State to Franklin Pierce...
...York Stock Exchange added a warning of its own. In all cases, said a Big Board circular last week, a broker should think long and hard before becoming a director of a company whose stock he had underwritten, or before accepting options to buy the company's stock at a price likely to run below subsequent market prices. Such activities, noted the New York Stock Exchange statement dryly, were apt to place a firm "in the position of being unable to defend its actions from charges of manipulation...
More to Come. By last week, the conservative British influence seemed to have seeped even into Bill Zeckendorf's circular modern office. To increase the financial community's confidence in Webb & Knapp, Zeckendorf has agreed to beef up his board with a batch of prestigious "independent'' directors, including former Ambassador to Great Britain Lewis Douglas. Zeckendorf has also promised further property liquidations of $40 million and further refinancing of $20 million to "erase short-term debt completely and put Webb & Knapp in a substantial cash position." Henceforth, said Zeckendorf last week, Webb & Knapp will have...