Word: trusts
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Dates: during 1960-1969
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...city's board of aldermen until he was defeated in 1963 by a Tucker-backed candidate. Cervantes is president of an insurance agency, vice president of the Resort Corp. of Missouri, which operates a lodge beside Missouri's Lake of the Ozarks, a director of a trust company, a taxicab company, the St. Louis Municipal Opera Association, and has an interest in a company that sells bonds to liquor dealers...
...bribing his way in and out of Mexico. Why did he want to surrender to a Times man? He knew that Coates had a weakness for engaging crooks. Besides, Coates would be in line for a $5,000 reward, which Ruiz wanted him to put in a trust fund for his four children. "He felt I wouldn't double-cross him," recalls Coates...
...short 30 minutes, the Justice Department failed in 1961 in its bid to block a merger between New York's Manufacturers Trust Co. and the Hanover Bank. Aware that Justice viewed the merger as a violation of the antitrust laws, the banks speeded up their negotiations, legally joined to form the nation's fourth largest bank half an hour before the trustbusters filed suit to stop the action. Faced with a fait accompli, a federal judge refused to consider the Justice Department's bid for a restraining order. Furious over the maneuver, particularly since the two banks...
...made the bank the largest firm ever to lose a merger case in the courts. The judge did not specify that the two banks must return to their original status, gave the bank and the Justice Department ten days in which to propose a settlement. Manufacturers Hanover Trust will probably attempt to effect a compromise, perhaps hoping to sell some of its branches to other banks or to spin them off to form a new bank...
Bernard Asbell is a salesman for Progress. He believes that the "whole new thing happening in America" is a good thing that will get even better as soon as people learn to trust it. The "whole new thing" is automation, and the motto Asbell wants to inscribe over the escalator to the future is (freely rendered) "materialistic mind over matter...