Word: trusteeships
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Accused of past Red ties by two ex-Communist tattlers, Dr. Ralph J. Bunche, 49, Nobel Peace Prizewinner and now director of the U.N. Trusteeship Division, was given a clean political bill of health by the International Organizations Employees Loyalty Board. Keeping mum on the possibility of perjury charges which might be slapped on Bunche's accusers, the board announced, after a two-day closed hearing: "There is no doubt as to [his] loyalty...
Under the terms of the agreement by which the stock was taken out of trusteeship in the Chase National Bank, the shares had to be sold to buyers with no direct or indirect affiliation with Alleghany Corp. And the Central suspected that Murchison and Richardson had been able to buy the stock only with Alleghany's help...
Bunche, who is director of the Trusteeship division of the United Nations Secretariat, admitted this acceleration might cause "a few difficulties at first" but insisted that the South will accept further elimination of segregation without much trouble...
...Boys from Athens. But it didn't take a slide rule to figure out what Murchison-Richardson were doing. By buying the big block of stock, they freed it from a voting trusteeship in the Chase National Bank, where it was placed on orders of the Interstate Commerce Commission. Chase National, whose President Percy J. Ebbott had joined other Central directors in turning down Young's demand for the chairmanship of the board, might well have voted the stock against Young. Now, with his own holdings and those of friends, Young could count...
...Bunche is at present the top-ranking director of the Department of Trusteeship, a post which he has held since 1948. He has been associated with the U.N. since the Dumbarton Oaks Conference in 1945, which he attended as a member of the United States delegation...