Word: gracefully
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Dates: during 1950-1959
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...took a third-class coach to the state capital to make his way in the world. Smooth, brisk and notably well-groomed, he suggests just what he used to be-a high-fee society doctor. Young for a Brazilian President, he looks even younger, with catlike grace and glowing vigor. His smile rivals French Actor Fernandel's in expanse. He loves society parties, especially if there is dancing. Tangos and slow foxtrots are his favorites, but he can samba with the lightest-footed-showing a distinct preference for pretty partners. At a ball a few years ago, the late...
...voice belonged to Grace Elizabeth Crum Gruenther, his wife for 33½ years. They have two sons, Donald, who is a major and Richard, who is a captain in the U.S. Army. * A three-man committee (Averell Harriman, Sir Edwin Plowden, Jean Monnet) appointed to examine each nation's economy, and decide what it should contribute. Their goals, approved by a NATO council meeting in Lisbon in February 1952: 50 divisions, half of them active, by the end of 1952, increasing to 70 the next year, to 97 by the end of 1954. Three years later, Lord Ismay admitted...
Knocks on the Door. The most impressive figures came from Bethlehem Steel. Indestructible Eugene G. Grace reported sales of more than $2 billion, net income of $180 million v. $132 million in 1954; fourth-quarter profits alone totaled $57.5 million, an alltime record. With order books jammed for months ahead, Steelman Grace saw no decline in sight in spending, rather, continued demand. To meet it, Bethlehem Steel is spending $300 million to add 3,000,000 tons a year to capacity. Said Grace: "What little the auto industry has cut back, other [steel] users are knocking on our door...
While the Grace Line was thus getting up steam, other ventures in the W. R. Grace & Co. empire were growing just as busily. The company announced last week that it would authorize $100 million in capital spending for 1956, $40 million of it for Grace's booming chemical ventures (among them: Grace Chemical Co., Dewey & Almy Chemical Co. Division), which in 1955 accounted for 45% of Grace's total income v. only 3% in 1952. Another $30 million will go to the Grace Line, the remainder principally to paper enterprises in South America, where Grace also has ventures...
...Grace can well afford the expansion. Both South American and U.S. subsidiaries are chalking up record earnings; the Grace National Bank of New York, for example, finished 1955 with net earnings of $986,083, up 27% from 1954. Estimated earnings of W. R. Grace as a whole in 1955: more than $17 million, roughly a 16% increase over the previous year...