Word: mutuality
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Dates: during 1950-1959
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M.I.T. returned the check, referred the letter to its sales organization. An Englishman wrote that he was selling his home and coming to the U.S. to invest his money in mutual-fund shares and to get a job selling them. The president of an insurance company in New Delhi asked if he could come to study M.I.T.'s operations because "I feel that even in an underdeveloped economy there would be room for an institution of this type." One North Carolina man went to Boston, called on Robinson, said he owned $270,000 worth of stock in a Southern...
M.I.T. also received many reports from all over the U.S. that investors were crowding brokerage houses (often carrying TIME) to inquire about buying into mutual funds. One of the most heart-warming reactions came in a letter from a Missouri librarian: "Somehow the story in TIME made me glad I am an American and live in a country where I can write a letter to a busy executive and be certain that he cares about the trust of little people...
...Leningrad, the nine Governors-sat down to a caviar-to-strawberries feast hosted by the city's top Red, drank toasts to peace, friendship, good relations, mutual understanding, culture, trade, U.S. youth, Soviet youth, U.S. women and Soviet women, broke out in I've Been Workin' on the Railroad and Auld Lang Syne. And in Moscow, Dennis Michael O'Connor, 26, U.S. exchange student at Moscow University, and Mary Louise McMahon, 22, lately arrived from Tenafly, N.J., got married in the city's only Roman Catholic Church. Why get married in the U.S.S.R.? Explained...
...Mutual...
With imperturbable mien, Soviet Ambassador Mikhail A. Menshikov last week told Washington newsmen that he hoped the American press would treat Russia's national exhibition in the New York Coliseum this summer with "a spirit of mutual understanding and cooperation." While the ambassador was making his pitch for fair play-which he would have got from the bulk of U.S. journalists without asking-the Soviet press was whipping up its severest attack since the Stalin era on life in the U.S. The new campaign was obviously the Soviet welcome to the six-week, $5,000,000 American National Exhibition...