Word: shermans
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Predictably, these pressures produced demands for restraint by lenders and for more federal controls. The New York State Savings Banks Association urged the Federal Reserve to reduce the competition by establishing "guidelines" calling for a $25,000 minimum on commercial-bank certificates of deposit. Reserve Board Member Sherman Maisel cautioned bankers that raising interest rates on savings could prove "inefficient and dangerous." Nonetheless, the temptation seems likely to increase. It will take another three to six months before the full effect of the discount-rate increase filters through the complex U.S. economy...
...money advocate, the Board's one-vote margin for higher interest rates would disappear and Bill Martin might resign. Johnson has reportedly rejected three men for Balderston's chair, has not yet made up his mind. The business community particularly opposes the appointment of another man like Sherman Maisel, an easy-money man and a former University of California economics professor named to the board by Johnson eight months ago. Maisel's boldness as a freshman governor has stunned even some Administration leaders; last week at the hearings he called the handiwork of his colleagues...
Most National League officials still insist that the A.F.L. cannot come close to the N.F.L. on the playing field. "My impression," says Giant Coach Allie Sherman, "is that the caliber of ball in the American League is closer to that of the Big Ten than the N.F.L." Remarks like that provoke wrath in such A.F.L. coaches as San Diego's Sid Gillman and New York's Weeb Ewbank-both of whom coached title-winning teams in the N.F.L. before switching. "The two leagues are absolutely equal now," says Gillman. "Our top teams are every bit as good...
...GIFT OF LAUGHTER by Allan Sherman. 335 pages. Atheneum...
...Allan Sherman decided early that he had to laugh. His father was an automobile mechanic and inventor who belted down bourbon by the glassful and disappeared when Allan was six. His mother was a fun-loving flapper who had four husbands and bought books with jackets to harmonize with her draperies. Sherman grew up in Los Angeles, Miami, Chicago and New York. After 21 public schools and the University of Illinois, he packed up a suitcase full of his songs, settled down in New York for seven lean years as a starving television gagwriter. Then...