Word: dillons
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Crystals on Demand. As the pulling and hauling dragged on day after day, Treasury officials finally decided to call a halt. A mere 3,000,000 silver dollars were left in the vaults (out of 28 million on Jan. 1), and Secretary Douglas Dillon let it be known that the Treasury would take its time about deciding what to do with the cartwheels that remained. Possible alternatives: melt them down, auction them off to dealers and collectors, put price tags on them and sell them over the counter, or put the whole thing up to Congress...
What then of the pledge inscribed on some 95% of all U.S. dollar bills: This certifies that there is on deposit in the Treasury of the United States of America one dollar in silver payable to the bearer on demand? From now on, said Dillon, silver certificates will be redeemed at the U.S. Assay Offices in New York City or San Francisco with envelopes containing exactly 0.77 of a "fine troy" ounce of silver crystals, worth a dollar at the official monetary rate for silver: $1.29 per oz. Collectors will be hard put to trade up their value -they will...
...drama of score-the breakaway touchdown, the grand-slam homer-that makes the excitement. In basketball, the scoringest sport in the land, it is the nerve-burning electricity of the highpoint game. The 1963-64 season saw shooting that would have been the envy of Marshal Dillon: an average of 148.8 points per game, two-team total, for 3,890 major college games-a full 9.8 points higher than just a year...
...winter counterparts is John Bakkensen. Bakkensen has consistently hurled the discus near the 170-foot mark, and copped the Heps title last year with a mere 158 ft., 1 1/2 in. toss. He could score a first place in every meet this season, with teammates Bill Pfeiffer and Tom Dillon battling the opposition for the lower positions...
...unions, thus helping to bring exports into line with imports. Higher interest may be the answer for Britain's current ills, but it is bad news for the U.S. Though the U.S. gold outflow has been wrestled under control in the past five months, Treasury Secretary Douglas Dillon recently urged European countries not to raise their interest rates this year, to avoid attracting dollars from the U.S. With the British bank rate now 1½% above the U.S. rate, many investors will be tempted to place their money in Britain...