Word: hovey
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Dates: during 1960-1969
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...Henry Mercer's four-year-old Weatherly came out for the finals with her pale blue hull newly painted and polished. Ross Anderson's Nefertiti, damaged by vandals fortnight ago, was repaired and ready to go. And for the first time all summer, the mainsail on Chandler Hovey's Easterner seemed just right...
...meter America's Cup yacht, Bus took venerable Vim-oldest (by 19 years) boat in the U.S. trials -all the way to the finals before he was nosed out by Corny Shields and Briggs Cunningham in Columbia. Last summer, he signed on as skipper of Chandler Hovey's Easterner, a boat that had not won a single race in the 1958 trials; with it, he beat Columbia and Weatherly his first time at the helm. But when Owner Hovey would not give him a free hand to select a crew for this summer's trials, Mosbacher quit...
...winter getting a shorter, sharper keel, a new mast, new sails, and new "coffee grinder" winches. Says the senior Shields: "People ask, 'Why change a boat that is obviously very fast?' Well, we figure we need every advantage we can get to lick our competition." Chandler Hovey's Easterner, trounced in 14 straight races in 1958, has undergone major surgery. Her mast has been stepped aft some 18 in.; she has a new keel, new sails, and a new skipper: Olympic Gold Medal Winner George O'Day. Henry Mercer's Weatherly, sailed by canny...
Trouble for Managed Funds began last July when SEC suspended Managed Funds' registration, stopped the sale of its stock. At fault, said SEC, were the fund's founders and chief officers, Hilton H. Slayton and Hovey E. Slayton. Although the Slayton cousins had built Managed Funds into a fund with 22,000 stockholders and investments of $80 million, SEC found that as Managed Funds' managers, the Slay tons left much to be desired...
...market decisions. They let Stephen M. Jaquith of Manhattan's Model, Roland & Stone brokerage firm choose what stocks to trade-and also gave Jaquith Managed Funds' brokerage business. Jaquith's commissions: $1,188,155. Another Model, Roland & Stone employee, who collected $240,831: Harold W. Smith, Hovey Slayton's brother...