Word: lytton
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...began when he accepted a newspaper invitation placed by local merchants to attend the festival at Palo Alto's Lytton Plaza. The week before, a similar event at the plaza had erupted into a store-window-smashing binge. The merchants now advertised for respectable citizens to come "observe what really happens" and to see just how insufferable the city's plague of "street people" could...
Died. Charles A. Wellman, 54, president of the $1 billion LFC Financial Corp., and one of the country's foremost doctors of ailing companies; in Los Angeles. When Wellman took over from Bart Lytton in 1968, the huge ($685 million assets) but debt-ridden Lytton Financial Corp. was on the verge of bankruptcy. The new president refinanced and borrowed $50 million, largely on the strength of his reputation, then audaciously merged with two smaller savings and loan firms, thereby increasing assets by an additional $370 million. Said an admiring competitor at the time: "Wellman is converting three alley cats...
...DALE F. LYTTON Laguna Beach, Calif...
ERMYNTRUDE AND ESMERALDA by Lytton Sfrachey. 75 pages. Stein and Day. $5.95. A novelistic joke by the author of Eminent Victorians protests repression through the letters of two sexually inquisitive girls. Written in 1913 and rather cutesie-pie, with terms like pussy cat and bow-wow for private parts...
Died. Bart Lytton, 56, short-term titan of the savings and loan business; of a heart attack; in Los Angeles. A onetime theatrical pressagent, grade-B screenwriter ("I'm a lot prouder of some of the mortgages I've written"), and scriptwriter for radio's Gangbusters, Lytton used Broadway promotional techniques to build his Los Angeles-based Lytton Financial Corp. into a $700 million business. Overextension and the collapse of the California housing boom started his downfall in the mid-'60s, and creditors moved in to depose him in April 1968. "Money," he once said...