Word: nickels
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COPE, which assessed its 800,000 members an extra nickel a month. Lausche addressed Republican-oriented partisans at Rotary Clubs and other limited gatherings. When the ballots were counted, Gilligan had 560,980 to Lausche's 435,367 in a thumping Democratic primary vote. Now Gilligan faces Attorney General William B. Saxbe, 51, a tobacco-chewing G.O.P. professional who commands a wide moderate following and has played golf with his defeated friend, Frank Lausche...
...real estate planners, Dowling won fame for his design of Philadelphia's pioneering downtown Penn Center project. He also put City deep into such investments as Sterling Forest, a 30-sq.-mi. sylvan tract 40 miles from Manhattan being developed for corporate research facilities (among its tenants: International Nickel, Reichhold Chemicals). Other City properties range from Florida retirement communities to shopping centers as well as two Broadway theaters...
Seven oil-exploration contracts have been awarded to eager bidders, among them the U.S.'s Continental and Union Oil companies. Surveying for copper, Freeport Sulphur Co. recently found high-grade (4%) ore, and may invest up to $100 million to exploit it. International Nickel just got the go-ahead to start a $1,500,000 survey of nickel deposits on the island of Sulawesi (Celebes), and may invest $100 million. Bethlehem Steel has expressed interest in tin deposits, Boise Cascade in logging concessions. ITT agreed to build a satellite relay station near Djakarta at a cost...
...Some days you can't make a nickel," groaned William S. Gaud last week after Congress called for an accounting of corruption and mismanagement in the Agency for International Development. The AID administrator's dejection-if not his figure of speech-was understandable. In the past month, three separate cases of "irregularities," resulting in the suspension or resignation of five officials, have plagued the agency. At the same time, a State Department report on AID'S operations catalogued at least $6.5 million worth of waste and inefficiency in 30 countries from Afghanistan to Viet...
...slated to preside over the Penn Central, fittingly enough, is the man who started the merger trend. It was Saunders, as president of the Norfolk & Western, who arranged for the takeover of the Virginian Railway in 1959 and laid the groundwork for the N. & W. to acquire the Nickel Plate and the Wabash. Born in McDowell, W. Va., Saunders grew up in Bedford, Va., within sight and sound of the N. & W.'s main line through the coal fields. He attended college in the town where the N. & W. has its headquarters. Even after he was graduated from Harvard...