Word: mouldering
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...Frank W. Jenks, 60, became president of International Harvester, succeeding Peter V. Moulder, president since May 1956, who reached Harvester's normal retirement age of 65 this week. Reserved and meticulous, Frank Jenks started with International Harvester as a clerk in Richmond in 1914, won a vice-presidency for his work bolstering time-payment sales to farmers as manager of Harvester's credit bureau, was named executive vice president when President Moulder took over. Jenks, who is also slated to succeed Chairman and Chief Executive John McCaffrey, now past retirement age, faces the task of shoring up International...
Independent federal regulatory commissions are preparing to face an investigation of their wide influence. The proliferation of such agencies as the SEC and FCC is an important phase in the growth of the national bureaucracy. The proposed inquiry by Representative Moulder's subcommittee of the House Committee on Interstate and Foreign Commerce should lead to better means of holding these agencies responsible to Congress, as well as to exposure of abuses of their powers...
...present program during the coming four years, and he surely would get less support from Congress in the future than he has in the past. His age, his health, and the Constitution's prohibition of a third term all combine to force him into the role, not of a moulder of party policy, but of a popular, but passive mouthpiece. Already in the present campaign, his so-called "truth squads," led by Joe Martin and William Knowland, give more of a clue to how new the Grand Old Party has become than all of Eisenhower's commendable phrases put together...
...Peter Vincent Moulder, 63. was named president of International Harvester at a special meeting of the directors, replacing John L. McCaffrey, 63, who becomes board chairman but remains as chief exec utive officer. McCaffrey's five-year term coincided with the sharp farm-price drop during which the giant farm-equipment maker's net fell from $63 million in 1951 to $55 million in 1955 while other U.S. corporations were setting earnings records. New President Moulder is an old hand at Harvester; he joined the sales division in 1910, became first chief of the company's motortruck...
What Villiers mourns is the passing of sailing as a great art, of sailing-ships as things of beauty, of deep-water sail as a moulder of character. "There was no other career comparable with it," says he, 'nor is there likely to be again...