Word: trust
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Dates: during 1940-1949
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Under President Truman's "reamrmation" of an outdated China policy (see NATIONAL AFFAIRS), Mediator George C. Marshall has nothing left to mediate. Chiang Kaishek, who, when he was less strong, refused to trust the Communists with a veto position in his Government, is obviously not going to do so after his recent military victories over the Reds...
...months, hotelmen had been quietly tilting for control of Los Angeles' luxurious Ambassador Hotel, whose 500 rooms, famed Cocoanut Grove, swimming pool and golf course have long been run by a bondholders' trust. Conrad Hilton, owner of Chicago's Stevens ("world's largest") and twelve other hotels, thought he had the inside track. Hilton started dickering last year, first offered $22 apiece for a controlling quantity of the 58,200 trust certificates issued after the hotel went bankrupt in 1935, gradually raised this to $44, with no takers...
...cautiously debated upping their bids a bit, in stepped Junious Myer Schine, 54, who has picked up over $30,000,000 worth of choice hotels* in less than three years in the business. He talked turkey to a group of California brokers who held a fat chunk of the trust certificates. To the consternation of Hilton et al., Schine last week paid $55 apiece for 51% of the certificates. For his $1,621,510 he got control of the hotel...
...interned with him, but the two years I knew and worked with him in Santo Tomàs and Los Banos Internment Camps, he was a never-failing source of encouragement to me. He was a true friend to me when friends I had known for years wavered-so trusted by myself and my husband (then friend) that he was allowed to listen to our concealed receiver whenever he wished to get straightened out on some of the more wild rumors. There is no trust higher than that, believe me, in a Japanese internment camp...
Last fortnight the Wisconsin Banking Commission forbade the state's savings banks and trust companies to buy World Bank securities. Said Commission Chairman James B. Mulva: the guarantee of a foreign government "isn't worth a hoot in hell." (Actually the U.S. would be doing much of the guaranteeing...