Word: saxon
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Soviets intended to call a major conference of their satellites after De Gaulle leaves, in order to plan a joint diplomatic offensive against Western Europe. Obviously the Russians would like to use De Gaulle's abiding fear of a resurgent Germany and his desire to banish Anglo-Saxon influence from the Continent to achieve the old goals of Soviet policy: 1) a settlement in Central Europe along lines of a neutralized, disarmed Germany, and 2) withdrawal of the U.S. from Europe. Complains Soviet Foreign Minister Andrei Gromyko: "The United States believes for some reason or other that Europe cannot...
...bureaucrat presiding over the nation's 4,815 national banks, Comptroller of the Currency James Joseph Saxon, 52, has swept away a lot of regulatory cobwebs, irritated two U.S. Presidents, feuded with much of the industry he regulates, and bickered with every other federal body involved in bank supervision: the Federal Reserve, the Federal Deposit Insurance Corp., the Securities and Exchange Commission and the Justice Department. Last week Arkansas Democrat John L. McClellan and his Senate investigation subcommittee lit into Jim Saxon-who naturally lit right back into McClellan...
...Raiders. In a report based on a series of hearings last year, the subcommittee asserted that Saxon's policy of liberal charters for new banks had attracted financial raiders, confidence men and other "unscrupulous and corrupt persons" into banking. The subcommittee was especially critical of Saxon's role in the events leading to the 1965 failure of the San Francisco National Bank, whose charter had been approved by Saxon's predecessor. The McClellan group thought it "inexplicable" that Saxon had withheld information about the bank's perilous condition from the Federal Reserve, which was advancing...
...Saxon responded with characteristic disdain. "McClellan's basic opposition," he said-pointedly omitting the conventional courtesy of a prefixed "Senator" or "Mr."-"has been to the chartering of new national banks, particularly in Arkansas." He dismissed the report itself as "a phonographic repetition of the same exaggerated allegations we have previously answered in full." Retorted McClellan: "Suppose I do own a little bank stock. Does that justify Saxon's inefficiencies...
Putts on the Carpet. The Toledo-born son of a white-collar employee of the Chesapeake & Ohio Railway, Saxon once studied for the Catholic priesthood but switched, first to economics and later to law, in which he earned a degree at Georgetown University ('50) while working for the Treasury Department. In 1952, he became assistant to Stephen A. Mitchell, then chairman of the Democratic National Committee. He spent the eight Eisenhower years as assistant general counsel for the American Bankers Association and later as an attorney for First National Bank of Chicago. President Kennedy named him comptroller...