Word: mutually
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Dates: during 1950-1959
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Would such a bargain justify a summit meeting? The British, most eager of all the Westerners to promote summit talks, had a further suggestion-let the final Geneva communique also report "mutual interest" in such problems as disarmament and nonaggression pacts-a ceremonious way of simply reaffirming that problems exist, even if solutions...
...start, they ran into difficulties. The Council of Europe, hailed at its founding in 1949 as "the first Parliament of Europe," echoed with platitudes but never with the thrust of debates that got anywhere. The notion of a "European army," with everyone in the same uniform, collapsed in mutual recriminations...
...faced strong opposition against variable annuities from top-ranking Metropolitan Life Insurance Co., the New York Stock Exchange and mutual funds. They charged that the new policies will change the traditional insurance concept of providing a fixed return on investments. and will put insurance companies in the securities business...
...last week, 350 officers, employees and guests of Manhattan's Union Dime Savings Bank gathered at the Hotel Pierre to celebrate a gala occasion. Union Dime was 100 years old, and over the years it had gone from piggy-bank size to the nation's 15th biggest mutual savings bank with deposits of $485 million. In a way too the party was in honor of a man. At 66, Union Dime's President John Wilbur Lewis had spent 48 years at the bank, helping it grow and growing with it until the onetime $2-a-week errand...
...ways to put the money to use. Bankers give him much of the credit for a new New York State banking law passed in 1950 that enabled savings banks to invest part of their assets in stocks. He was the first president of New York's Institutional Investors Mutual Fund, an open-end stock fund for mutual savings banks that now has assets of $46 million. With it all, he was an easy man to work for: friendly, outgoing, a delegator of responsibility who enjoyed calling his staff "my family." Says one Union Dime executive: "I've never...