Word: dillons
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Dates: during 1960-1969
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Increases in the huge U.S. debt limit -and there have been four of them in the past two years alone-seem to signal a riproaring, breast-beating debate in Congress on Government spending. But last week, when Treasury Secretary Douglas Dillon went before the House Ways and Means Committee to request a $9 billion boost that would lift the limit to an alltime high of $324 billion, there was hardly a protest to be heard. The committee did not even bother with a roll call, instead gave speedy voice-vote approval to Dillon's request...
Among individuals, contributions include $209,000 from Treasury Secretary Douglas Dillon, $250,000 from Andre Meyer, senior partner in Wall Street's brokerage firm of Lazard Freres, and amounts ranging down to loose change from 55,000 others. The A.F.L.-C.I.O. has pledged $2,000,000. From abroad, gifts have come in from the governments of Venezuela ($100,000), Liberia ($25,000), and Puerto Rico ($100,000). The list of business donors includes IBM ($350,000), Continental Air Lines ($100,000), and Fiat Motor Co. of Italy ($50,000, and an additional $50,000 from Fiat Vice President Giovanni...
...Vienna predicted further boosts before long by Britain, Italy and The Netherlands. Europe's high and rising rates tempt many big bank depositors-including some oil-rich Middle Eastern sheiks and Latin American strongmen-to shift their funds from the U.S. to Europe. Though U.S. Treasury Secretary Douglas Dillon reported that "U.S. international payments so far this year have been in approximate balance," he expects the U.S. to do less well as the year goes on, particularly if the European interest rates keep going...
David Reisman, Henry Ford II Professor of Social Sciences, Henry C. Hatfield, professor of German, H. Stuart Hughes, professor of History, and Laurence C. Wylie, C. Douglas Dillon Professor of French Civilization, all spoke in opposition to the Fleming proposal...
...small investor is still slowly returning to the market, but, says Eastman Dillon Partner S. Logan Stirling, "he is no longer in the silly stage looking only for new issues." One of the signs of the instability of 1961's runaway bull market was the ridiculous kiting that amateurs gave any new stock that came out. Today each one gets a cold eye, and wild successes are few. One pending exception: Communications Satellite Corp., the first blue chip of space, which last week set the price of its stock (expected to be issued in June) at $20 per share...