Word: trusts
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Dates: during 1960-1969
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...into "just another pressure group." Ross and others see a clear difference between civil rights, where the facts to support a moral judgment are nearly all on the public record, and foreign policy, where so much essential background for decision is top secret. "There are times when we must trust our leaders to make the right moral decisions," says the Rev. Edward L. R. Elson of the National Presbyterian Church in Washington, "since not all the alternatives can be placed in church channels or the public forum...
Died. James Madison Kemper, 70, retired board chairman of the Commerce Trust Co., Kansas City's largest bank, and the most aggressive member of the banking Kemper family who, with holdings estimated at $100 million, have dominated the financial life of Missouri and Kansas for more than 40 years (one brother controls the City National Bank & Trust of Kansas City, the other the huge Kemper Investment Co. and a host of smaller banks), himself a bank president at 31, responsible for much of Kansas City's road building, slum clearance and downtown business renewal; by his own hand...
Released from jail on $5,000 bond, Reese faced an audience of some 350 Negroes, bowed to a standing ovation, and outdid Abernathy in his emotional approach: "The white man is not after Reese. He is after us. We must trust one another and stick together. If anybody knows about embezzlement, the Southern white man knows. He embezzled my mother, he embezzled my grandmother, he embezzled my grandfather. He cannot say to anybody, 'You are accused of embezzlement,' because if we could collect all he embezzled, the white man would be in rags...
Skouras says he is willing to put in some $20 million of his own, has large financing from Marine Midland Trust Co. and Chase Manhattan Bank, and wants the Government to ante up about $125 million. The cost is stiff-but anything would be a bargain if it could help rescue the U.S. merchant marine. The once proud fleet is being pushed into increasingly rough straits by low efficiency, high labor costs, and fierce foreign competition...
Shortly before 10:45 a.m. on April 16, 1964, Thomas S. Lament stepped away from the Manhattan board room of the Texas Gulf Sulphur Co. and phoned an officer of Morgan Guaranty Trust Co., of which Lamont, 66, is retired vice chairman. The Texas Gulf board meeting had broken up, and Director Lamont advised the banker to watch the Dow-Jones ticker for good news about the company. Ever since, Lamont has been troubled by that phone call...