Word: saxon
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Dates: during 1960-1969
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...James J. Saxon, until recently Comptroller of the Currency, saw it, "Enclaves of monopoly and stagnant, unprogressive banks should not be safeguarded." Implementing that peppery philosophy during his five controversial years in office, Saxon approved 3,806 new national-bank branches, many of which were in direct competition with state-chartered banks. Fighting back, state banks in nine states so far have sued to close some of Saxon's federal branches. Last week the Supreme Court decided that Saxon had stretched his powers...
...laws, said Justice Tom C. Clark, Congress clearly intended to provide "competitive equality" in branching between the two kinds of banks. Utah law forbids banks to set up branches outside Salt Lake City, except by acquiring an existing bank that has been operating at least five years. Even so, Saxon in 1962 approved a new branch in Logan for First National Bank of Logan and in 1963 one in Ogden for First Security Bank of Utah, partly on the ground that Utah's restriction on branching "method" did not apply to national banks. That approval, ruled Justice Clark, amounted...
WORLD PREMIERE (NBC, 9-11 p.m.). Rod Serling's suspense drama, Doomsday Flight, will be shown on TV before release in the movie theaters-starring Jack Lord, Van Johnson, Edmond O'Brien, Katherine Crawford, John Saxon and Richard Carlson...
...changes have not come overnight. A striking example was the election of John Lindsay as mayor of New York in 1965. White Anglo-Saxon Protestants such as Lindsay make up probably no more than 5% of the city's population. His opponent, Abraham Beame, was a Jew, and as has often been said, New York is the biggest Jewish city in the world. But Lindsay won. Says Michigan's George Romney: "The bloc vote has disintegrated. In 1962, I got only 11% of the Negro vote. In 1965, it was up to 19%. This year...
...subtlest melting process on the U.S. scene, the ethnic minorities (which together actually constitute the majority) greatly and constantly influence the Anglo-Saxon minority in culture, fashion, food and even philosophy. At the same time, the ethnic minorities continue to admire the Anglo-Saxon model. "The American's image of himself," says Professor Will Herberg of Drew University, "is still the Mayflower, John Smith, Davy Crockett, George Washington and Abraham Lincoln . . . and this is true whether the American in question is a descendant of the Pilgrims or the grandson of an immigrant from southeastern Europe." In politics, write Harvard...