Word: mutuals
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Dates: during 1950-1959
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Bright, hard-charging Newsman Reynolds, onetime (1938-41) White House correspondent for United Press, was hired by the late Merchant Prince Marshall Field on the recommendation of their mutual friend, Franklin Roosevelt, who once showed his affection for Reporter Reynolds by sending his wife two dozen roses on the birth of their first child. Tom Reynolds went to work for Field's still-to-rise Sun as White House correspondent in 1941, scored many newsbeats of the breathless brand that delighted his publisher. Example: eleven days after Newsman Reynolds reported for the Sun that eight submarine-borne Nazi saboteurs...
FOREIGN AID: The Administration will request new appropriations of $3.9 billion for the Mutual Security program, as compared with $3.4 billion in new and re-appropriated funds voted for this fiscal year. When James H. Smith Jr., new head of the International Cooperation Administration, began lecturing the leaders about the importance of his program, Massachusetts' Democratic Representative John McCormack whispered to Massachusetts' Republican Senator Leverett Saltonstall: "Another one of your Harvard boys, huh, Lev?" Hard-working Jim Smith, Harvard '31, left the room shortly afterward with a worried look...
...NATO members that want them, but nuclear warheads for the missiles will be held in U.S. custody "only a few feet" from the launching platforms. The missiles could be armed at the first sign of attack, but the decision to use them would be a matter of mutual agreement. The French or Germans will need U.S. consent to use the warheads, and the U.S. will need French or German consent to use the missiles which carry the warheads...
SLIDING-SCALE INSURANCE, on which the premium payments go down as the size of the policy goes up, is proving a fast success. Milwaukee's Northwestern Mutual Life Insurance Co. pioneered the idea early in 1957, did so well that it will extend sliding scale to all existing policies of $5,000 or more...
...Mutual friends recall that the gentle Alice, alarmed by the impetuous, eager young Theodore, sometimes attempted to discourage him. On these occasions, T. R. would be plunged into despair. Pringle reports that one night during the first winter of the courtship an alarmed classmate telegraphed to New York that Roosevelt was somewhere in the woods near Cambridge and refused to come home. A close cousin, who hurried up, managed somehow to soothe him; and soon his confidence returned...