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This confidence was shaken when the Chinese New Year, always a time of free spending, produced heavier than usual calls for cash. Unable to meet the unexpected demand, two small banks, Ming Tak and Canton Trust & Commercial, closed their doors in the face of clamoring depositors. As news of the closings spread, panicked shop and office workers abandoned their jobs to queue up in lines as long as 500 yards outside a dozen more banks. Thousands slept on sidewalks overnight to keep their places in line...

Author: /time Magazine | Title: Hong Kong: Another Kind of Crisis | 2/19/1965 | See Source »

Walton drew up a list of the seven people most often mentioned by the 19 architects. The other four were Paul Rudolph, chairman of Yale's Architecture Department, Estonian-born Louis Kahn, Philip Johnson of Connecticut and Ieoh Ming...

Author: By Donald E. Graham, | Title: Why Pei? | 1/8/1965 | See Source »

Walton remembered his visit to Ieoh Ming Pei's New York office. Pei went over his works carefully. "He explained how he had developed, what was his high mark and his low in his own estimation. When he showed his last two buildings, I remarked that each seemed to be quite a great step forward. He looked at me and said, 'Yes, but I feel that I am on the verge of my greatest work.' Mrs. Kennedy almost gave him the job right then and there...

Author: By Donald E. Graham, | Title: Why Pei? | 1/8/1965 | See Source »

Because the Library will contain a memorial to the President, and because it will contain the Institute as well, it will probably be somewhat larger than Kennedy envisioned. The Kennedy family and Ieoh Ming Pei, the architect who will design the library, are known to prefer the MBTA Yard site, which is three times as large as the Business School location...

Author: By Donald E. Graham, | Title: JFK Institute Will Be Part of Littauer Center | 1/7/1965 | See Source »

Thus, at a press conference given last week by the Kennedy family, Canton-born Architect Ieoh Ming Pei accepted a commission that any architect would have sold his ancestral home to get: designing the John F. Kennedy Memorial Library at Harvard. Says Painter William Walton, who, along with Jacqueline Kennedy, served on the selecting committee: "We chose Pei because his work is exciting and expressive, and we felt that he was on the verge of even greater work. He's every architect's second choice-next to themselves...

Author: /time Magazine | Title: Architecture: A Pilgrim's Prize | 12/25/1964 | See Source »

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