Word: randolphs
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...interest (2¼% for the one-year securities, 2½% for the longer-term bonds, v. 1⅞% for the maturing issue). But actually the new rates are in line with or better than the current market in U.S. bonds. Furthermore, Secretary Humphrey and his chief fiscal adviser, Randolph Burgess, think that the long-run advantages to the Government will far outweigh the higher carrying costs...
...Randolph Scott...
...Warren Randolph Burgess, 63, chairman of the executive committee of the National City Bank of New York (the nation's second largest bank), who will be consultant and special deputy on debt management and monetary policies. Burgess was vice president of the Federal Reserve Bank of New York before he went to National City in 1938, and for eight years (1930-38) handled the open market operation in Government securities which his reserve bank ran for the Government. He wrote The Reserve Banks and the Money Market, a book widely recognized in the financial field. A fiscal conservative...
Background: Born at Randolph, Tenn. on July 28, 1893, the son of a timber contractor. His mother died when he was young, and he spent most of his early years on his grandfather's farm in western Tennessee. Educated at the University of Arkansas and Hendrix College in Conway, Ark. (B.A. 1918). Served overseas in World War I as an Army Medical Corpsman. After studying in Scotland at the University of Aberdeen, received a Bachelor of Divinity degree from Southern Methodist University in 1921, later got his first D.D. (honoris causa) at Hendrix...
...piece, the monumental hoard of art and knickknacks collected by the late William Randolph Hearst is going under the auctioneer's hammer. The latest group, some 300 pieces of old arms and armor, sold in Manhattan last week for a total of $40,810. The sale included a 16th century burgonet (helmet with cheek-pieces), the highest priced item, which went to a private collector for $3,200, and a 1560 wheel-lock Italian arquebus which the Metropolitan Museum of Art bought...