Word: hiltons
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With the resigned air of a man who has no defense but his cigar, Presidential Press Secretary Pierre Salinger puffed into Washington's Statler Hilton Hotel last week and faced a panel of critics from the American Society of Newspaper Editors. Subject for discussion: President Kennedy's press conference...
...Club, American Express and Carte Blanche for the nation's credit-card business, someone, and perhaps everyone, was bound to get hurt. Last week Carte Blanche admitted that it was hurt-and badly. For the fiscal year ending April 30, President Benno M. Bechhold estimated that the Hilton Credit Corp., which set up Carte Blanche, would lose $4,000,000. The reason: "Our unsatisfactory collection experience...
...Diners' Club were already there. To get business, Carte Blanche agreed to take a lower (4%) share on the bill from restaurants and other firms that signed up with it, issued cards to some credit risks who would not have been okayed by the other companies. But the Hilton card never caught up with its competitors, nor came close to turning a profit...
...rescue Carte Blanche, Hilton Hotels Corp. Chairman Conrad Hilton and several associates two months ago pumped $5,000,000 into the corporation to cover credit losses, put in Bechhold as president to replace Conrad Hilton's son Barron. To cull out bad risks, Bechhold at once tightened the credit check (the new minimums: 25 years of age, a $7,200 salary, and "an established pattern of wise and consistent use of credit"). He also is putting into operation next month an IBM computer system to check daily on the state of accounts, send out reminders to delinquents...
...Castle of Otranto. All of this goes on in something that is not to be believed. The Kerr-Hilton, as Jean Kerr calls her home, is both the sum and summary of its contents, a brick and half-timber Tudor-Spanish architectural error on the edge of Long Island Sound. Like the Kerrs, it sits squarely in the suburbs, but its outlines are in fairyland. Built by a rich automotive inventor on the original foundations of the Larchmont Shore Club stables, it looks like the Castle of Otranto, reaching high with turrets and towers and a cupola. It also looks...