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...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...

Author: /time Magazine | Title: Banking: At It Again | 4/22/1966 | See Source »

...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...

Author: /time Magazine | Title: Banking: At It Again | 4/22/1966 | See Source »

...little interest in or sympathy for people who are not members of the currently fashionable minority groups. The most fashionable minority, of course, is the American Negro, and quite properly so, for Negroes suffer the greatest discrimination and deprivation in our society. Puerto Ricans and the white Anglo-Saxon Protestant residents of Appalachia are also -- again, quite properly -- fashionable groups to champion. (The best index of fashionability is probably the number of articles about the group in the New York Times Magazine.) Other groups, however, which suffer less discrimination and deprivation -- for example, ordinary working people of Irish, Italian...

Author: By Michael D. Barone, | Title: The New Snobbery | 1/14/1966 | See Source »

Heroma is a raw little minority report on the narcotics trade in Manhattan's Spanish Harlem, made by a group of talented Puerto Ricans. Spoken in Spanish with English subtitles (plus a peppering of Anglo-Saxon vulgarisms), the film is mainly distinguished for acting untouched by the naive semiprofessionalism that blights many a small-budget movie. Topping the cast is Jaime Sánchez as Chico, a well-to-do but restless cat who sums up his birthright by stating his birthplace: "102nd and Lexington...

Author: /time Magazine | Title: Cinema: High Life of Harlem | 12/3/1965 | See Source »

John Lindsay's parents were descended from pure-blooded WASPs (White Anglo-Saxon Protestants)-though, as Lindsay is fond of pointing out, "If you are really hip, the correct term is ASP; all Anglo-Saxons are white, so why be redundant?" His father, George Nelson Lindsay, was the son of a Scotch-Irish brickmaker from the Isle of Wight who went broke in 1884 and emigrated to New York. John Lindsay'? mother, Eleanor Vliet Lindsay, was the daughter of a Dutch-descended New Jersey carpentry contractor whose ancestors dated back to colonial times...

Author: /time Magazine | Title: New York: Incitement to Excellence | 11/12/1965 | See Source »

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