Word: jersey
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Dates: during 1960-1969
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...JERSEY -- Gregory B. Craig of MeLean, Va. (Cambridge...
...coastal targets 25 miles away. In an age of nuclear weapons, such firepower seemed puny a decade ago when the last of the mighty battlewagons, the 45,000-ton Wisconsin, left the Navy. Last week the Defense Department allocated $800,000 for preliminary de-mothballing of the New Jersey, one of the nation's four remaining inactive battleships, in order to determine the cost and time to reoutfit her for duty in the Viet...
With her great long-range guns, the New Jersey could take over some of the heavily defended targets in North Viet Nam that have proved so costly to airmen. She could harass at will the North's main north-south highway, Route 1, which runs along the coast. And she could provide devastating ground support for Marine operations around the Demilitarized Zone. Though it may cost as much as $25 million and take about a year to modernize the New Jersey, chances are good that the thunder of the battlewagons will be heard once more...
...ascendancy, cash tender bids remain beyond the scrutiny of the SEC-a fact that enhances their popularity. But the SEC feels that "the unwary public" needs protection, notably more information to help stockholders evaluate confusing claims of rival tender offers. Accordingly, the commission is backing a bill by New Jersey's Democratic Senator Harrison Williams that would require a tender bidder to disclose his name, financing arrangements, and any plans he has for the firm. Though most brokerage firms and investment bankers favor regulation, many disagree with one part of the bill, which would force tender makers to divulge...
...railroads, which lost about $400 million hauling passengers last year, are also counting on a boost from new equipment. Last week a high-speed train, manufactured by the Budd Co., hit 156 m.p.h. on a 21-mile strip of New Jersey test track. Financed by the Federal Government, the speedster promises three-hour service in October between Washington and New York, cutting present track time by 45 minutes. For long-haul service, however, the future remains gloomy on U.S. railroads. Only last month, B. F. Biaggini, president of the Southern Pacific Co., told a West Coast audience that "the long...