Word: debtors
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...discussions on international trade. So said Vergil D. Reed, vice president of the J. Walter Thompson advertising agency, before 400 businessmen at the 23rd annual Boston Conference on Distribution this week. The jabberwocky, said Reed, was a hangover from the pre-1914 days when the U.S. was a big debtor nation and had to strive for "a favorable balance of trade." As a result, said Reed, most Americans still "believe profoundly that exporting is desirable, that exporters are gentlemen, scholars and benefactors of the human race, that importing is undesirable, and that importers are liars, thieves and scoundrels taking food...
...pressed debtor, Cleveland's Otis & Co. last week moved with rare speed to stay ahead of the bill collector. It closed down its offices in Buffalo and Manhattan, hustled out chairs and desks in Manhattan just one jump ahead of a U.S. marshal, acting for Kaiser-Frazer Corp. Ever since K-F won a $3,120,743 judgment against Otis for welshing on a $10 million stock deal, K-F and the Securities & Exchange Commission have been hot on Otis' trail. Last week, after Otis informed SEC that it did not have enough capital on hand...
...Sehulberg's book opens, Halliday is a diabetie, a debtor, a voice of the twenties which is no longer heard. He is assigned to collaborate with a worshipful youngster on a movie, "Love on Ice," which he calls, "An orphan child born of artificial insemination on a box office counter." As the two writers seek a plot for this movie, Halliday gradually exposes his past...
After Mrs. Fox had been in jail for 47 days of what might have become a 1,200-day term, she took advantage of an old Connecticut law herself. She took the Poor Debtor's Oath, under which a person swearing to less than $17 in assets may escape jail for unpaid judgments. This week Alice Fox returned to her family and her old neighborhood. What did she think of Neighbor Rollo now? "I will not mention her name...
...Debtor Nation. In Marshfield, Wis., Gerald Boos and Arthur Lynn, arguing that most of last winter's harsh weather originated in Canada, decided to bill the Dominion for $136, half of their annual heating bill...