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...divided into 80 zones, and dozens of Murchisonians were sent to canvass Alleghany shareholders in each area. An IBM computer kept a running count of the committed proxies; each scrap of paper that might offer a clue to the Murchison's strength or strategy was burned lest it fall into enemy hands. So zealous were Murchison solicitors that even after the final voting began at the Alleghany annual meeting in Baltimore, they were searching ashtrays for torn-up Kirby ballots that might give a lead to a disaffected shareholder whom they might convert. Says John Murchison...

Author: /time Magazine | Title: Corporations: Victory for Texas | 6/2/1961 | See Source »

...After taking stock, Amini made a sobering report to the nation. "There is no life left in the economic and financial agencies of the government," he declared. To the striking teachers, he confessed: "The treasury is empty, and the nation faces a crisis-I dare not speak more openly lest I create a panic." Then he went to the Shah, had Parliament dissolved, and got power to rule by decree. Teheranis demonstrated joyously and danced in the streets...

Author: /time Magazine | Title: Iran: Next? | 5/19/1961 | See Source »

Matthew (7:6) must have had Mr. Kennedy in mind when he wrote: "Neither cast ye your pearls before swine, lest they trample them under their feet, and turn again and rend...

Author: /time Magazine | Title: Letters: May 12, 1961 | 5/12/1961 | See Source »

...Lest however, I be accused of conforming too much to the present, may I remind you of a certain Nazarene who organized his time so that most of his energies were spent in developing future leaders...

Author: /time Magazine | Title: Letters: Apr. 28, 1961 | 4/28/1961 | See Source »

...even the newly offered stock of so solid a company as Ford dropped below its issuing price shortly after it came out 5 years ago-and stayed below it for 3 years. For such reasons, many Wall Streeters would like to see more done to curb the speculative fever, lest it bring on a painful shake-out that would harm thousands of small investors and, as in '29, give the Street a bad name that would take years to live down...

Author: /time Magazine | Title: Wall Street Fever: New Issue Speculation Is Out of Control | 4/28/1961 | See Source »

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