Word: out-of-town
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Rumor. In anticipation of a repeal of branch-banking restrictions, two potent groups of Pittsburgh bankers were said last week to be sponging up many out-of-town banks. Through their Mellbank Corp., the Mellons were reported to be lining up at least 50 banks. Acting independently, the Hillman interests of the Peoples-Pittsburgh Trust Co. were said to have 25 banks in view...
...month-club system to the theatre. For a membership fee of $45 per season, Playchoice offered a pair of good seats (first to eighth rows in the orchestra) for six plays-of-the-month selected by a critical committee atfter witnessing all promising plays during their out-of-town tryouts. This arrangement delighted everybody. The producers of the chosen plays acquired considerable kudos and business at a time when financial depression was cutting the profits. Indeed, the successful play Death Takes a Holiday was saved from the warehouse only by Playchoice's good offices...
...hour, five-day week. The union agreed to hold in abeyance for a year its demand for wage increases, unemployment insurance. Abolition of sweatshops, prime object of the strike, seemed assured when wholesalers signed a three-months agreement to buy only from organized contractors and out-of-town union shops...
...capital. Although the new bank will be incorporated in New York, each American Express office will amount to a correspondent, and, should branch banking laws be repealed, could quickly become a branch. In this way Chase may some day have a nation-wide banking system without buying out-of-town banks or forming new ones...
...Harvard College Observatory is to be the host of the forty-third meeting of the American Astronomical Society, which is to last from Monday, December 30 to Thursday, January 2. About 100 out-of-town visitors are expected, including astronomers from all parts of the United States and Canada. The purpose of the meeting is to make known the latest discoveries, to expose the newest theories to criticism, and to exchange ideas on the cosmic riddles. Papers on these subjects are to be discussed in several sessions throughout the period...