Word: mcchesney
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...drop at nearby Paulis. According to survivors, the Simbas raced around screeching "Kill, kill, kill them all!" The Belgians were shot, clubbed to death or tied up and hurled alive into the Wamba River. But that was killing with kindness compared to the fate of American Protestant Missionary William McChesney, 28. They performed a mad war dance on his prostrate body until internal bleeding from ruptured organs ended his agony. Then the Simbas plucked out his eyes and threw his corpse into the river...
...economies that are oceans apart. By helping to rescue the faltering British pound (see THE WORLD), the U.S.'s money managers demonstrated how tightly bound together are the fates of the Western world's two major currencies. "It was an orderly operation all the way," said William McChesney Martin Jr., chairman of the Federal Reserve, "and showed that the bankers' international contacts are pretty good." Despite that typical banker's understatement, the operations had many of the elements of secrecy, mystery and intrigue that would do justice to James Bond-or to Goldfinger, his gold-hungry...
...Though the board is usually as secretive and unpredictable as the CIA, broad hints that it may soon tighten money were voiced last week by three insiders-the presidents of the New York and Cleveland Federal Reserve banks and the board's economic advisor, Guy Noyes. Chairman William McChesney Martin Jr. seemed somewhat more sanguine. Said he: "Actually, the price situation is healthy today except for an incipient tendency of some prices to break out on the plus side." Martin means that prices are beginning to rise, and to judge whether that and the increased stockpiling mean the start...
More Powers. Prudence is a way of life for the bankers, and they would be the last to claim that their fortunes can continue to rise indefinitely.*Some bankers complain that interest payments on deposits are too generous and inflexible, while others, including Federal Reserve Chairman William McChesney Martin, worry that the bankers have taken on too many chancy construction loans. On the other hand, the fact that the bankers have lent out so much reduces the prospect of economic excess. Because the banks have only a small supply of liquid funds, the Federal Reserve now has greater power...
Construction in the U.S. is humming at a record $67 billion-a-year rate, and that ought to make everyone close to the building business happy. But it doesn't. There is open concern- expressed by Federal Reserve Board Chairman William McChesney Martin Jr. and chief Presidential Economist Walter Heller, among others- that the long postwar building boom may be coming to a pause. In the past two years, builders have put up twice as many apartments as they did the previous two years, and there has also been a marked rise in the number of office buildings, motels...