Word: r
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Dates: during 1940-1949
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...think of banking," said Bank President Tony Burton in John P. Marquand's Point of No Return, "as . . . the most basically human business that there is in the world." Last week, Tony Burton got some backhanded support for his assertion from the FBI's Inspector Lee R. Pennington, who investigates bank frauds. Addressing a conference of the National Association of Mutual Savings Banks in Washington, Pennington said that most of last year's frauds (total lost: $3,000,000) were traceable to some fairly common human failings: gambling, drink, women. High living, big debts, bad business management...
Died. Sir John Alexander Hammerton, 78, British journalist, author (In the Track of R. L. Stevenson, 1909; With Northcliffe in Fleet Street, 1932) and editor of many a large-scale reference work (Punch Library of Humour, Harmsworth's Universal Encyclopedia, Harmsworth History of the World), who offered a ?1,000,000 reward in 1940 to any American who would bring Hitler "alive or still breathing" to his office within 30 days; in London...
...Senate subcommittee, which has insisted during hearings that fellowship applications be screened to bar Communists, first heard of Edelman on Friday. Senator Wherry (R-Neb) brought him up as a possible Communist sympathizer who had received a fellowship without a security clearance...
Several witnesses agreed the loyalty should be the prime test even in non-classified fields, and Senator Ferguson (R-Mich) suggested that Edelman be called in to testify on his own behalf...
Senator Bourke Hickenlooper (R-lows) demanded yesterday that David E. Lillenthal resign as chairman of the Atomic Energy Commission for "incredible mismanagement." Lillenthal promptly replied that the nation's atomic "preeminence" is the answer to the Senator's vague and ungenerous wholesale indictment...