Word: martines
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Dates: during 1950-1959
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...Wizard of Oz. Ed Murrow's, See It Now will include cathode reports from the Suez. Asia. Russia and South America, and a 1½hr. documentary of Buffoon Danny Kaye's 32,000-mile junket for the U.N.'s Children's Emergency Fund. Martin Manulis' Playhouse 90, the chain's most ambitious drama project, offers adaptations of Charley's Aunt, Kay Thompson's Eloise, J. P. Marquand's Sincerely, Willis Wayde, and Shirley Booth in The Perle Mesta Story. Jack Benny returns this month from a successful BBC stint loaded...
...SEAPLANE, Martin's swept-wing P6M Seamaster, is going into production. Navy has handed Martin $102 million initial order (about 18 planes) for huge, 600-plus-m.p.h. craft...
...Stooge. Nevertheless, in 1951, when he was first appointed FRB chairman by Harry Truman, succeeding Thomas (Scot-tissue) McCabe, who resigned in midterm, Martin had a hard time convincing fellow Democrats at Senate confirmation hearings that he would not allow the FRB to be dominated by his longtime friend John Snyder. Martin's clincher: "I'm not going to be a stooge for Snyder. I have too much respect...
...Democrat Martin ran the FRB so efficiently that he was the highest-level holdover in the Administration when President Eisenhower called him to the White House to announce his reappointment as chairman in March 1955. At the same time, Ike confided, he intended to announce that Martin would also be named to a full 14-year term as a member of the FR Board of Governors when his predecessor's term expired in another nine months. But Martin persuaded Eisenhower to postpone the advance nomination. "Mr. President," he smiled, "by next January we might have a big depression...
Tobacco Money. A realist who knows his history, Martin is well aware that he could overnight become the scapegoat of slump. In the crisis-stained chronicles of U.S. finance, bankers have been crucified on crosses of gold, silver, paper and every other substance used to back currency. From early colonial days, when they had to ship scarce gold and silver abroad to pay for imports, Americans chronically lacked sufficient backing for stable money. Virginia in the 17th century used tobacco for money (top-grade weed was worth 3$. a lb.), but was plunged into inflation by citizens' cash crops...