Word: spreading
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Sistine Chapel. In 1960, a patch of green moldlike substance was discovered in a section called the Hall of Bulls (named for the lO-ft.-high creatures on its walls). The patch spread rapidly, and similar growths began to crop up elsewhere. This mysterious maladie verte so distressed French Cultural Affairs Minister André Malraux, an amateur archaeologist himself, that he appointed a commission of archaeologists, speleologists and other savants to save France's "prehistoric Sistine Chapel...
...commission immediately restored complete darkness and isolation for a recuperative period of three months. Instead of diminishing, however, the splotches only spread more rapidly. The French Government became so alarmed that in 1963 it closed off the cave to all but its own investigators. Preparing for the worst, it also ordered the national shrine photographed, so that the irreplaceable Paleolithic paintings would at least be preserved on film...
Slightly Surrealistic. Well, it helps to have been a Wall Street lawyer-in more ways than one. Consider the ledgerdemain of the San Clemente spread. The price for the estate of 21 acres, including the large, Spanish-style villa now known familiarly as White House West, was $1.4 million. The terms were $400,000 down and $100,000 per year, plus 7½% interest per year on the initial outstanding debt of $1,000,000. The sale called for the principal to be paid off within five years. Normally, such an undertaking would require prodigious amounts of cash: annual payments...
...remaining four-fifths of the surrounding grounds. This was done for him by a trustee, the Title Insurance and Trust Co. of Los Angeles. The trustee pays for the remaining four-fifths with $1,000,000 that Nixon borrowed from the Cotton Estate, previous owners of the spread. Out of this money comes the necessary $320,000 down payment, as well as the $80,000 for the principal payment and $60,000 in interest per year...
Promoted to Hilton president in 1966, Barron immediately began reorganizing a management that had been as spread out as its hotels. By centralizing the purchase of housekeeping items under a subsidiary, Hotel Equiment Corp., he saved the parent company money on everything from carpets to cutlery. He reduced the size of hotel payrolls and, to save capital while expanding, formed partnerships with other investors to build Hilton hotels in such places as New York, San Francisco and Hawaii...