Word: ralph
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Dates: during 1950-1959
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...back into Government harness. Next man up was John Hannah, president of Michigan State University, who did a thorough job as Assistant Secretary of Defense (Manpower and Personnel) in 1953-54; he could not be persuaded to leave East Lansing again. Then the big name on Pentagon lips was Ralph J. Cordiner, president of General Electric and sponsor of the thoughtful Cordiner Committee plan to streamline the pay scales of the armed forces to provide incentives for bright younger men (TIME, May 20). The Administration rebutted the Cordiner Report at first reading because it was costly, but it wanted Cordiner...
...resign, but "understands the situation." Some 88 other Navy captains understand the situation and have applied for retirement this year, including famed Sub (U.S.S. Tang) Commander and Medal of Honor Winner Richard H. O'Kane. A slim hope for those who remain: the report of General Electric President Ralph J. Cordiner (TIME, May 20), advocating raises totaling $565,000,000 in the next two years for the armed services, which has drawn sharp criticism from a budget-minded Congress...
Among the masterpieces of the era is the portrait by Ralph Earl*of Connecticut's Roger Sherman (opposite), once a shoemaker, later a lawyer, and the only founding father to sign four historic documents of American independence: the Association of 1774, the Declaration of Independence, the Articles of Confederation, the Constitution. Earl sat the awkward, clearheaded patriot in a Windsor chair as foursquare and unyielding as himself, threw a harsh, searching light on the stubby workingman's hands, which seem to regret having nothing to do, on the brow square-cut as a headstone, on the weary, wise...
...worth $43 a share, or $82 million. Influential speculators got big chunks of the $37.5 million public issue, which is now worth $161 million. Fantastic speculative profits were also made in three companies set up to gather or distribute the gas Trans-Canada will bring. Vancouver Oilman Ralph K. Farris, son of a Liberal Senator and founder of the Northern Ontario Natural Gas Co., paid $300 for stock now worth $750,000. Two insiders invested $12,012 in stock now priced at $3,200,000. Quebec Natural Gas Co., another distributor, made $32.2 million in paper profits, and again...
With that, Senate Majority Leader Lyndon Johnson and Texas' Junior Senator Ralph Yarborough swung into action on Capitol Hill, asked Congress to help in curbing "uncontrolled" oil imports. Said Texan Yarborough: "The situation for our independent producers has become a one-way street leading to oblivion." Johnson announced that he had word that President Eisenhower himself would intervene in the case to curb oil imports "threatening national security...