Word: mergers
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Dates: during 1950-1959
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Unitarian Eliot noted with satisfaction that many in his church (membership: 80,000) and in the like-minded Universalist Church (membership: 65,000) favor a merger. But Dr. Eliot sees this as just a beginning: "Our greatest need is to . . . unite to ourselves in fraternal spirit the lonely, isolated liberal churches and individuals [in orthodox Protestantism]who might then comprise a 'United Liberal Church of America...
Bishop Corson had strong views on tw other matters: 1) U.S. relations with th Vatican, and 2) a Methodist merger wit the Protestant Episcopal Church. Presider Truman, said the bishop, "set back th movement of religious cooperation 75 year by his injection of the Vatican issue." A for the Episcopalians, there is no chance of a merger so long as they insist that Methcdist ministers must be first re-ordaine by Episcopal bishops. Said Methodist Coi son: "If the Episcopalians want union, a they need to do is declare John Wesley de facto bishop...
Chairman Floyd Odium waved gaily at familiar faces. Everybody relaxed under Odium's charm and talked of the Big Deal, Atlas' purported merger with Kaiser-Frazer, which had kept Wall Street and Los Angeles abuzz for three months. Now they expected to hear all about it from the master financier...
...more Odium told them, the less they were sure they understood. It was true, he said, that such a merger had been discussed, and it was true that Atlas, an investment company which examines all responsible propositions, had looked into it thoroughly. In fact, Odium had two sets of independent experts check it for both Consolidated Vultee, which he controls, and for Atlas. The experts, he added, had brought in their reports, but the directors of both companies had not yet seen them...
...Treasury for its tax features, the SEC for any merging of securities, the Defense Department for air contracts, and the Justice Department for possible anti-trust angles. "As of today," concluded Odium, "no conclusion has as yet been reached." But one stockholder, pointing out that mere rumors of the merger had made Atlas stock rise several points some weeks ago, cried: "Let's have more romance like this...