Word: staid
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...Manhattan Financier WALTER W. WEISMANN, 64, chairman of the Aetna Industrial Corp., rocked Chicago's staid, old Libby, McNeill & Libby food-processing firm by claiming that a group of stockholders represented by him owns or controls some 1,500,000 of Libby's 3,600,000 shares of stock. Weismann thought that the company was doing poorly profitwise, asked for changes in the board and a new board chairman. Libby President Charles S. Bridges refused, wrote stockholders that the management was preparing to fight "a raid upon this company." The stockholders' committee that Weismann represented promised...
Truce. The elder Silliman Evans bought a controlling interest in the sick Tennessean in 1937, promptly made a truce with James G. Stahlman's staid evening Banner (circ. 91,878) under which the papers killed competing editions, merged mechanical facilities and ad departments. By thus cutting costs, Evans soon turned his paper into a moneymaker...
...himself. After the trees mature (in four years), Johnson says, each farm should gross at least $40,000 a year, with a fat one-half of the take as profit. The notion of owning a profitable Paraguayan plantation has proved irresistibly appealing to Wall Street bankers, Brazilian businessmen, even staid European capitalists. A typical sale, as related by Johnson...
...crowded sanctuary of Grace Covenant Presbyterian Church on staid, tree-lined Monument Avenue in Richmond, Va. last week, a pro-segregation clergyman rose and heralded the defeat of his faction in singular language. Said the Rev. Alton J. Shirey: "You flattened us like a steam roller yesterday. Let's not cut the puppy's tail off an inch at a time...
Palmquist looks forward eagerly to his new post because he sees Washington as the center of the world. He is sure to give Foundry parishioners more bounce to the ounce than many a staid Easterner has known. "Who else would print a church bulletin in red on yellow paper?" he asks...