Word: trust
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Dates: during 1950-1959
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...many, Powers' position seemed poorly supported. But others, such as Arnold M. Soloway, assistant professor of Economics and a member of Powers' "brain trust," doubt that Boston would, in the long-run, benefit from the sales tax revenue. "The city is like a sponge," Soloway says. If Boston got a windfall from the state, various groups of city employees would pressure for wage raises; this patronage pressure would soon soak up the additional funds meant for easing the tax burden...
...ballet, a sort of absinthe-coated peppermint stick, wickedly whirls all Actor Morse's callow, adolescent sex fantasies-Salome and George Sand, Lysistrata and Camille -into one. As the show proceeds, certain scenes are repeated, certain songs are reprised. But from the outset, Take Me Along puts its trust in mood rather than momentum. Rather than shattering the funny bone, ravishing the ear or dazzling the eye, it just leaves a nice taste in the mouth...
...Miami Beach there were opinions to fit every account. Said Louis E. Corrington Jr., president of Chicago's Southmoor Bank & Trust Co.: "Right now, money is the tightest I have ever seen it. It will be worse after the steel strike is over and companies start building inventories and go to the banks to borrow." Said Russell H. Eichman, vice president of Cleveland's Central National Bank: "If the steel strike requires a slowing up of auto sales, that in itself will automatically ease the tight money situation." Said Scott L. Moore, president of the American National Bank...
...whose views were most eagerly sought is a tall (6 ft. i in.), slim (160 Ibs.), handsome New Yorker named Henry Clay Alexander. At 57, Alexander is chairman of Manhattan's Morgan Guaranty Trust Co. and perhaps the nation's most prestigious banker. He is heir to the famed tradition of the House of Morgan, which created huge industrial firms, bailed out whole governments and at the turn of the century all but controlled the financial destiny of the U.S. Morgan is still a name to conjure with. Its famed building at 23 Wall St. is known throughout...
...among New York commercial banks and 28th in the U.S. It was hard pressed for enough money to lend its rapidly increasing number of customers. Then Alexander pulled off a coup that Wall Street dubbed "Jonah swallowing the whale." He worked out a merger with the much larger Guaranty Trust Co., became the head of the fifth largest U.S. bank.-Overnight his bank's capital funds jumped from $89 million to $512 million. Now Alexander is expanding his business and, as an adviser to the U.S.Treasury and a director of the Federal Reserve Bank of New York, is considered...