Word: mellons
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Dates: during 1950-1959
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...Just as a generation of Republicans through the 1870s, '80s and '90s "waved the bloody shirt" and ran for office against Jefferson Davis, so a generation of Democrats through the 1930s and '40s have waved the Great Depression and run for office against Warren Harding, Andrew Mellon and Herbert Hoover. The Democrats' story was that they killed the dragon in 1932 (although it was so long adying that some economic pathologists say it really expired of arteriosclerosis and Pearl Harbor). The Democrats had been paid four times over for their feat, and the Amalgamated Dragonkillers (C.I.O...
...wangled permission to finish the job with only four editors (it took two more years). When it turned out that Britannica had no funds for an immediate sales campaign, Adler started writing letters, published brochures, finally hopped a plane and started selling in person. Notable catches: William Paley, Paul Mellon, Marshall Field, Conrad Hilton, Harold Swift. His biggest coup: 40 sets at one go to Allied Stores...
...same language. He does not want to reach conclusions, but simply clear the decks for "some future philosophic genius" by summing up the various positions on each question in all fields. Tentative title of the work: Summa Dialectica. Adler already has a grant for the project from Paul Mellon's Old Dominion Foundation. He does not expect to live to see it finished, but hopes to train a staff to get it done before century...
...Gift of the week: $5,000,000 to Yale University from the Old Dominion Foundation, founded by Paul Mellon, '29, son of the late Secretary of the Treasury, Andrew W. Mellon...
Under the rescue plan announced by Secretary of the Navy Dan Kimball last week, Martin will get up to $32 million from RFC, Eastern, TWA and a group of banks-notably Manhattan's Chase and Pittsburgh's Mellon. The banks will "bring in new top personnel to strengthen the company's management." But other planemakers thought that "strengthening," whatever that means, might not be enough. What Martin needed, they thought, was a new management...