Word: drexel
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Dates: during 1960-1969
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Died. Anthony Joseph Drexel Biddle, 64, U.S. Ambassador to Spain, charming, perspicacious scion of one of Philadelphia's richest Republican clans, an early F.D.R. backer who at 38 left behind his playboy ways, a dozen corporate directorships and 22 club memberships for a career as a military and diplomatic troubleshooter that won friends and advantage for the U.S. in many nations; of a heart attack following the onset of lung cancer; at Washington's Walter Reed Army Hospital. After stints as U.S. envoy to Norway and Poland, athletic, impeccably tailored Tony Biddle served brilliantly during the early days...
Long associated with Philadelphia's Drexel & Co., Investment Banker Thomas Sovereign Gates Jr., followed his father as a partner in 1940, left 13 years later for a succession of Defense Department posts, wound up as Eisenhower's last Defense Secretary. Last week, after a long vacation from Pentagon politics, Main Liner Gates received his Capital gain: the executive committee chairmanship of Manhattan's gold-plated Morgan Guaranty Trust...
...behind bars with common criminals who have been convicted of embezzlement and other serious crimes." Judge Ganey thought the company appropriate, gave Ginn 30 days in jail. The lawyer for Charles I. Mauntel, Westinghouse division sales manager and a man prominent in charitable and community affairs in Drexel Hill, Pa., asked: "What difference does it make if the Government recommends 30 days or 60 days or more? What matters is crossing the prison door at all." Judge Ganey recommended 30 days behind the door...
Like Forrestal, Gates came to Government by way of finance. After graduating from the University of Pennsylvania, Gates entered his millionaire father's investment banking firm, Philadelphia's Drexel & Co. By the time he went to war in 1942 (he served as a Navy intelligence officer), Gates was a partner and well on the way to piling up a fortune of his own. Putting public service ahead of moneymaking, he went to Washington in 1953 to serve as Under Secretary of the Navy, moved up to Secretary of the Navy early in President Eisenhower's second term...
...sponsor of literary pink teas during the '30s, Crichton's political sympathies were shattered by the Stalin-Hitler pact. Turning from somber Karl Marxism to zany Marx Brotherism, he biographed Groucho et al, along with other nonpoliticos such as Risë Stevens, Philadelphia Banker Anthony Joseph Drexel Biddle (whose career he transformed into the Broadway hit, The Happiest Millionaire...