Word: holderness
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Mortgages have always been hard to turn into cash. A mortgage-holder who wants to sell has to shop around among banks and real-estate brokers, often gets a poor price because of the suspicion that he badly needs cash. Harry Fromkes, president since 1949 of Manhattan's big Lawyers Mortgage & Title Co., thought there ought to be a better way. In 1952 he opened a mortgage exchange where buyers and sellers could be brought together for private negotiations, but it soon died out. Last week he tried something new: a mortgage auction...
Josy Barthel 1G, winner of five out of six indoor mile races this winter, was awarded a major H in track. The Faculty Committee on Athletics presented the Olympic 1500 meter record holder with the award last Friday in recognition of "his extensive service, sportsmanship, and outstanding contributions to track, both at Harvard and in national and international competition...
...contender for Kentucky Derby honors. Robert S. Lytle's Correlation, Champion Jockey Willie Shoemaker up, won the $146,250 Florida Derby at Gulfstream Park by a length from the Woodvale Farm's favored (2-1) Goyamo, Eddie Arcaro up. ¶ In Manhattan, FBI-Men Horace Ash-enfelter, holder of the world indoor two-mile record, and Fred Wilt, who helped him set it (TIME, Feb. 22), hooked up in a two-mile duel in the final indoor track meet of the season. For the first time in 16 indoor tries against Wilt, Ashenfelter won. Time: 8:58.5, eight...
Hawkins will also swim with Jim Jorgensen and Don Mulvey on the 300-yard medley relay team. Mulvey, in addition, will swim the 100-yard backstroke, in which he placed third at the Easterns, while Jorgensen, holder of this season's fastest 220 time in the East, 2:08.1, will enter that event and the 400-yard free style relay...
...Council from the film industry, you are still left with broader and more basic question of how these undergraduate groups are to acquire the necessary funds for their activities. Considerations of this more basic problem might lead to more fruitful and constructive results. Perhaps a dollar ticket entitling its holder to attend all that club's forums held during the academic year would not only provide income sufficient for the political club to operate, but also put an end once and for all to an arrangement that has pleased few. Duncan H. Cameron...