Word: saxonizes
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...eyes of many a modern university protester, this was the golden age of education. The essential debate between Lernfreiheit, student freedom, and the Anglo-Saxon tradition that the college stood in loco parentis, was first articulated in Germany in the late 18th century, and later drew some 9,000 American students eager to endorse the new freedom. The issue is still being fought on American campuses...
...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...
...minimum, the decision will have a significant effect on a dozen pending lawsuits over branching, notably in Michigan; yet the comptroller's office professed at week's end to have no notion how many more of Saxon's controversial branch approvals might now be subject to attack. Many bankers seemed to agree with President Jack T. Conn of the American Bankers Association, who called the ruling "wonderful." But not Saxon, who became co-chairman of the American Fletcher Na tional Bank & Trust Co. of Indianapolis after his term as comptroller expired last month. Saxon scoffed at Clark...
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...