Word: newports
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...elected were Leopold Ackerman, 2nd '43 of New York City and Leverett House, F. Mitchell Cummins '43 of Mineville. N. Y. and Adams House. Cortlandt Parker '43 of Newport, R. I. and Adams House, Kennedy Smith '48 of Pittsburgh and Eliot House, and Robert G. Tyson '43 of Pittsburgh and Eliot House...
...years of tension and overwork as Ambassador to China, was shifted to the Australian legation, and the Australian Minister, horse-faced Clarence Edward Gauss, transferred to Chungking. Another transfer brought Bert Fish, now Minister to Egypt, to Portugal, at the same rank; while swell-shirted Herbert Claiborne Pell, the Newport bolshevik, moved from the hot spot at Lisbon to one at Budapest, as Minister to Hungary. Edwin Carleton Wilson, at Uruguay and William Dawson, at Panama, changed jobs, both at Ambassadorial rank, and spare, smooth Alexander Comstock Kirk was promoted from Rome Embassy counselor to Minister to Egypt...
Ships and Textiles. Promising industrially was the South's share of the nation's shipbuilding bulge. Southern yards extending from Virginia's Newport News all the way around the Gulf Coast to Orange, Tex. had received some $1,250,000,000 in orders: almost $1,000,000,000 for the Navy, the rest for the Maritime Commission and private interests. Just the list of new yards made heady reading. The one at Orange was a brand-new $5,000,000 Navy project preparing to go on three 48-hour shifts a week to turn out twelve destroyers...
...what jazzmen call "long-underwear" music, sweet and tuneful. At 18 he muscled into a Bar Harbor hotel whose dance music had been supplied by Boston Symphony men. Now Eastern dowagers would sooner serve gin and ginger ale at their parties than employ non-Davis bands: during a recent Newport season, Meyer Davis played at 59 out of 60 top-flight parties. (The eccentric 60th hostess hired Paul Whiteman.) More than half the young ladies at last month's Philadelphia Assembly-oldest annual party in the U. S.-had come out to Davis melody. Meyer Davis has played through...
...idea: a pool of investment trusts to buy some of these British enterprises, perhaps sell them to the public. Quinn pointed to the pool Tri-Continental had formed last spring (TIME, May 20) that bought and later partly distributed the shares of great Newport News Shipbuilding & Dry Dock Corp. But the idea was older than that. When William Orville Douglas was chairman of SEC and Jerome Frank was his running mate, the U. S. economy was stagnating for want of new capital investment. The investment bankers, having no capital to speak of, were taking only seasoned issues they could retail...