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Alexander's "special kind of bank" has attracted the biggest lights of the financial firmament. More than half of the top 500 U.S. corporations-including such giants as General Electric, General Motors and Standard Oil (New Jersey)-bank with Morgan Guaranty. The U.S. Government leans on Morgan Guaranty as one of the principal dealers in government securities. The bank annually sends out more than 9,200,000 dividend checks worth $1 billion for corporations, takes care of investing $6.5 billion in trust funds. Morgan Guaranty runs pension funds for such big corporations as Johns-Manville, Kennecott Copper, Philip Morris...

Author: /time Magazine | Title: BANKING: The Big Banker | 11/2/1959 | See Source »

After investigating 124 Teamster officers with criminal records, the committee concluded that a criminal background was a "prerequisite" for "advancement within the Teamster firmament." In cities that he invaded in his drive for power, the committee found, Hoffa teamed up with convicts and thugs. Items...

Author: /time Magazine | Title: LABOR: Pretty Simple Life | 8/31/1959 | See Source »

Nothing to Say. To stay abreast of the missile era, the Magazine has added to its list of contributors many a starlit name from the ranks of space engineers, e.g., Hugh Dryden and Heinz Haber, remapped the firmament in its monumental Sky Atlas (price: about $1,200), even peddled (for $2) a Sputnik-tracing kit for the edification of backyard satellite hunters. But it remains solidly indentured to the principles laid down by Gilbert Grosvenor years ago, still segregates advertising and editorial copy, runs no liquor, tobacco or real-estate ads, hustles no lagging subscriber, still refuses to say anything...

Author: /time Magazine | Title: The Press: Rose-Colored Geography | 6/15/1959 | See Source »

...this mortal coil to the unconstrained accompaniment of a chorus of screeching voices, dominated by vibrating sopranos who soar higher and higher. Again, Stendahl had no intention of letting the weather conspire with the gods on the day of Julien's execution to show cloudiness and blue, the spacious firmament. Sorel strode to his death all right, but not to the majestic rumble of five symphonies' worth of kettle drums...

Author: By Margaret A. Armstrong, | Title: The Red and the Black | 5/18/1959 | See Source »

From first to last, Moscow's 21st Communist Party Congress was Nikita Khrushchev's show. It opened with his boast that Russia is first in the firmament, with its Lunik and its "mass-produced" intercontinental rockets, and his seven-year economic plan would make it first on earth. It closed with the cocky boss, an energetic 64, firing some of the roughest and rudest taunts that he has ever let fly at the West. In between, 86 Soviet delegates and 45 representatives of foreign Communist parties paid telling tribute to "the distinguished activity," "the tremendous organizing work...

Author: /time Magazine | Title: RUSSIA: We'll Let You Live | 2/16/1959 | See Source »

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