Word: leached
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Dates: during 1960-1969
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...Barton Leach '21, Story Professor of Law, characterized Symington's plan for unifying the Defense Department as "top notch" and "first class." The proposal advocates abolishing the offices of the three service secretaries and creating a Military Advisory Council, presided over by one Chairman, who would also run an expanded Joint Staff. This policy-making group would be responsible only to the Secretary of Defense...
Describing the unification move as "vital," Leach nevertheless criticized the proposed elimination of the service secretaries for two reasons. In the first place, he pointed out, it would be wise to maintain the present system as long as the separate branches remain intact...
...market rates are forecasting a downturn in business, but this pessimism is unwarranted," said Norris Johnson, vice president of the First National City Bank of New York. Ralph Leach, vice president and treasurer of Morgan Guaranty Trust Co., agreed. Said he: "I don't look for a downturn. If everything isn't going through the ceiling, people think business is lousy. This is nonsense. We're in gorgeous shape as far as the overall outlook for the year is concerned." Actually, the easing credit was one reason for optimism. Most economists think that the current...