Word: grahamism
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Dates: during 1950-1959
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This year, as usual, many of you nominated your own candidates (see LETTERS). Among the nominees: Billy Graham, Governor Faubus, Laika, Jonas Salk, President Eisenhower, Bert and Harry Piel, Khrushchev, Nobel Prizewinner Lester Pearson, Mike Todd and two, symbolic nominees, the scientist and the American Negro...
...Billy Graham's New York crusade netted a surplus of $217,618 after expenses of $2,850,031, announced the crusade's executive committee. Of the surplus, $150,000 will go to the Billy Graham Evangelistic Association in Minneapolis to help finance TV broadcasts and future crusades. The remaining $67,618 will be turned over to New York City's Protestant Council for follow-up evangelism in the wake of Graham's 16-week stand in Madison Square Garden...
...another story. As Banker Birla put it: "Any fool can make money in the U.S., but to make money in India is an art. India is like the sands of the desert, where money can disappear like water." Because only "some success stories" can really get his crusade moving, Graham now believes that he must focus on bigger deals first before he can make the thousands of little ones he dreams of. In Bombay he put up $20,000 to match $20,000 in rupees" from Textile-man P. N. Kejriwal, who wants to build a nylon hosiery plant...
Change of Plan. To beef up the original plan of sharing capitalization and profits fifty-fifty with small borrowers, Graham has switched to 50% from an entrepreneur, 25% from a wealthy Indian (both in rupees) and 25% in dollars from Private Enterprises Inc. On the committee of Indian bankers and businessmen who screen the loans, this has the effect of more help to enterprises in which they have a chief interest. But bigger deals will persuade more big businessmen to put up more matching rupees, get them in on the crusade...
Whatever the outcome, Bill Graham plans to haunt India next year to make sure that enterprises are started and properly run. Said he fervently: "We're going to light a fire under these Indians. Whatever happens, at least we'll find out whether or not they really want our help...