Word: j
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Dates: during 1950-1959
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Good Samaritan. Behind them they left Lincoln gripped in fear. Mothers pulled toddlers indoors, took older children out of school. Neighbors checked in and checked out with each other, paralyzed Lincoln's telephone circuits with the heaviest traffic since V-J day. District court was recessed. Business firms booked downtown hotel rooms for employees who worked late. The governor mobilized National Guardsmen to stand watch at the National Bank of Commerce when reports got around that Starkweather intended to rob it. Sheriff Merle Karnopp called for a posse, and 100 men armed with deer rifles, shotguns and pistols were...
Long & Short. More pessimistic were six economists who testified before the Congressional Joint Economic Committee last week that the recession may not be as short-lived as many people hope. Said Professor Jewell J. Rasmussen of the University of Utah, summing up the group's sentiment: "The possibility of a recession of the more serious type appears to be much greater now than in 1949 or 1953-54," because pent-up demand has been filled. But there was no such agreement among businessmen themselves. The steel industry, in fact, is cautiously optimistic, feels that it has reached the bottom...
Kirby has always stayed in the background, is expected to leave active operation of Alleghany to younger men. Among them: Vice President and Secretary David W. Wallace, 34, Vice President and Director Thomas J. Deegan, 47, Young's right-hand man, and Kirby's son, Fred M., 38. Still to be decided on: a chairman for the New York Central to succeed Bob Young, who left his wife his entire personal estate, valued last week at more than $6,000,000, plus substantial real-estate holdings...
...CAPITALIST MANIFESTO (265 pp.) -Louis O. Kelso and Mortimer J. Adler -Random House...
Politesse. In Buffalo, after his lawyer cited his military service and launched into a plea for rehabilitation, Carmelo J. Giambra, 31, interrupted, thanked him, explained to the court, "I do not want any mercy" for his part in a $23,775 bank holdup, insisted that "the law must be served," stressed that "I am happy and glad to pay for my crime," after being rewarded for his candor with a 17-year sentence, said: "Thank you very much...