Word: ponts
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PIERRE S. DU PONT IV. The power of the Du Pont name in Delaware moved in fresh ways with the election of Pierre S. du Pont IV, 35, to the state's at-large seat in the House. Du Font's background includes America's Cup yachting, Phillips Exeter, Princeton and Harvard Law School, and a stint as an executive in the family's chemical company. Republican Du Pont ran a strict party-line campaign, stressing law-and-order and withdrawing his earlier support of Charles Goodell when the White House opened its attack...
...flames could be seen flickering through the roof of the fortress-like, cinder-block building, and the men assumed that it was a minor fire. But when they pried open an emergency exit at Le Cinq-Sept, a popular dance hall for youths in Saint-Laurent-du-Pont near Grenoble, two of the firemen fainted. Bodies were stacked before them in ghastly contortions of agony. Fists were literally fried against the locked door. Impressions of hands, arms and heads were fused into the cement wall. Almost all of the 145 dead were young-between 17 and 27. It was France...
Incredibly, the local fire chief claimed that he had no knowledge of the Cinq-Sept's opening or its fire-law violations, though the club was a great attraction and major tax contributor to Saint-Lau-rent-du-Pont (pop. 3,700). "The mayor's office must certainly have been aware that the dance hall was operating without official authorization," said French Interior Minister Raymond Marcellin. The club had reopened last April in a new building; the old one had burned down on the other side of town, without any casualties, in February...
...price Mellon paid was not officially disclosed, but it was no secret that it was the highest ever for a French painting. Reliable sources put it at $1,600,000 -$50,000 more than Norton Simon paid for Renoir's Le Pont des Arts in 1968. It reflected-and will encourage -the hugely inflated prices collectors seem willing to pay for Impressionist and post-Impressionist painting...
...compared with those of the brokerages. Men who have entered the brokerage business from other fields have been shocked by the mess on Wall Street. Archie Albright, a former executive vice president for Stauffer Chemical who is now the president of the underwriting branch of recently merged F.I. du Pont, Glore Forgan, says: "These guys got carried away during the boom years. Nobody had the kind of internal cost accounting to tell what fast expansion would do to profits. Then everybody started buying computers to handle the paper work. In the past, when times became tough...