Word: pawley
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...Bernard C. Pawley, in the Anglican monthly, Theology
...mindful of the violent press campaign which almost wrecked his negotiations for a $100 million First Boston Corp. loan last year, planned to spring this one without advance notice. But last fortnight, before the cabinet was scheduled to act on it, the Cuban press bloc opened up on the Pawley deal...
General Motors Coach buses, led the attack. "Behind this deal," shrilled El Mundo, "is a rapacious promoter internationally known for his misdeeds and crooked deals, a buzzard who presents himself to us disguised as the Holy Ghost, a speculator in shady business, a knave with hands of silk . . . Pawley came to Havana and said: "I have come to exchange the old streetcars for modern buses to benefit the population.' But what he really intends to do is exchange the goat...
...Pressure. While Pawley paced the floor in his $85-a-day Hotel Nacional suite, Prío postponed official announcement of the deal and rallied his forces. Led by the conductors, whom Pawley had promised to keep on the job, the trolley union lined up behind the new plan. Straphangers enthusiastically supported Prío for forcing action to rid Havana of its noisy, run-down trolleys. The influential weekly Bohemia hailed Pawley as "one of the most distinguished figures in the U.S., whose various enter prises, including aviation firms in India and China, make his biography a true teaching...
...last week President Prío felt strong enough to issue his decree. Under its terms, Pawley's Autobuses Modernos will get the trolley firm's franchise for the next 25 years. In about four years' time, when Bill Pawley expects the bus operation to be rolling in high gear, he plans to step out. Meanwhile, he will collect 4% interest on his $3,000,000 capital outlay. He will also he says, "be well paid by the company as president and manager...