Word: tilford
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...outboard motors and golf clubs. In fact, says Lange, for the past two months consumers have been buying goods faster than merchants have been replacing their stocks-which means that the economy may shortly benefit from an increase in merchants' orders to manufacturers. Nonetheless, as Vice President Tilford Gaines of Chicago's First National Bank points out, "The drop in the market so far this year has wiped out billions* of what investors, silly or not, consider their wealth. The effect of this may be only psychological, but it is still no plus factor...
Nothing Automatic. In the light of these figures, most economists-and some businessmen-accept Dillon's thesis that Administration policy is not fostering inflation. Says Vice President Tilford C. Gaines of Chicago's First National Bank: "There is nothing automatically inflationary if the federal budget is in debt." But though they see no inflation in prospect, a number of economists point out that deficits in the administrative budget nonetheless have a damaging psychological effect-especially abroad. Says Columbia University's Professor Raymond J. Saulnier, former chairman of Dwight Eisenhower's Council of Economic Advisers: "Deficits tend...
...little more than two weeks, Patient Schulte's condition improved and the clotting appeared checked. Since then he has had infrequent, mild recurrences, has led an active life. From the presidency of Park & Tilford, Arthur Schulte moved to investment banking in Wall Street. Last week, in gratitude for heparin's help, ex-Patient Schulte footed the bills for a Manhattan conference staged by the New York Heart Association on progress in anticoagulant drugs...
...JAMES D. TILFORD JR. Palm Beach Shores...
...Stanley L. Brown, 43, was lured away from the James B. Beam Distilling Co. to become president of Park & Tilford Distillers Corp. He succeeds Arthur D. Schulte, who continues as chief executive officer in his new job as board chairman, vacant since the death (in 1949) of his father, Cigar-Store-Chain Founder David A. Schulte. A native New Yorker, Brown started selling shoes at 18, studied journalism in New York University night school, tried reporting for New York's Daily Mirror, went back to selling shoes, later became general merchandise manager for Chicago's Goldblatt Brothers department...