Word: direction
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Dates: during 1930-1939
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...When John Jacob Astor II went down on the Titanic, most of his fortune went to 20-year-old Son Vincent, only a few million to Son John Jacob III, then unborn. Since Vincent has no direct heirs, William is heir apparent to both fortunes...
...which will reflect the culture of this country and which will promote international good will, understanding and cooperation." Behind the provision, Washington observers felt, was the State Department's Good-Neighborly tact toward Latin-American autocrats. But broadcasters promptly protested what looked like a short-wave shortcut to direct censorship...
Conservative banking houses like Morgan Stanley & Co. (divorced underwriting half of J. P. Morgan & Co.) and Kuhn, Loeb & Co. have held themselves coolly aloof from competition for security issues. Their position is that terms reached in direct negotiations with a single underwriter, thoroughly familiar with the financing company, are more likely to be best for borrower and investor than those that come out of a fierce competition among a group of bidding underwriters. Competitive bidding, they hold, "tends to overpricing the issue . . . and to subsequent dissatisfaction and losi of credit and good will of the borrower...
...announced he would simplify the structure of Bond & Share's National Power & Light. Meeting one of SEC's main objections (the needless ramifications of utility finance), he announced dissolution of National's "intermediate holding company," $332,000,000 Lehigh Power Securities. Henceforth, National will have direct control of Lehigh's Pennsylvania Power & Light Co., which supplies electricity to 700 Pennsylvania communities...
...time by handsome, long-armed William N. Robson, CBS staff director, who used such sound-effects as knifing a watermelon to sound like a stabbing. Later the Workshop became a laboratory for all of Columbia's crack directors. Reis, now a writer-director for Paramount in Hollywood, will direct three of the plays in the Festival; Robson, one. Most famed of the Workshop's plays. Archibald MacLeish's The Fall of the City, goes on the air September 28. Other good bets: an adaptation of Stephen Vincent Benét's John Brown's Body...