Word: trusts
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Dates: during 1960-1969
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MANHATTAN'S Kendrick R. Wilson Jr., 51, last week was something like a Tiffany manager moving into a ten-cent store. A financier who was trained at U.S. Trust Co. and Lehman Bros, before he rose to the chairmanship of widely diversified Avco Corp., he agreed to a deal by which Avco would acquire a small-loan company, Canada's Delta Acceptance Corp., for $48 million in stock. The swap is anything but penny ante for Avco, which has been shopping for growth companies in the civilian market to expand its own $514 million volume in missile parts...
...Europe, for it is a major producer of the products most heavily imported-bars, wires, pipes. Many U.S. Steelmen also complain that Government harassment prevents them from expanding their markets or raising prices as high as they would like. The Government has filed no fewer than six anti trust suits against U.S. Steel since Roger Blough's price fight with President Kennedy...
Scripps-Howard was thoroughly aware of the implications of its newest monopoly and set out to discourage the possibility of any Government suit. The Enquirer's five-man voting trust, set up by employees in 1952 to manage the paper, was perpetuated; the chain contented itself with a minority representation of two. The chain editorials that went out from New York to all Scripps-Howard papers were not even sent to the Enquirer; the chain insigne, a lighthouse, did not shine from its pages. Only last week the Enquirer extended by ten years the lease on its plant...
...then this is no Gospel with any saving power, this is no Word of God which has authority over the power of death. The Gospel is a Word which is exactly addressed to men in this world in their destitution and hunger and sickness and travail. The church must trust the Gospel enough to come among the poor with nothing to offer the poor except the Gospel, except the power to apprehend and the courage to reveal the Word...
...display of Senator Goldwater's famous temper in Kansas City recently. The offenders were not "fresh jerks," but serious Americans seeking to meet the man of so much supposed presidential timber. How can we trust him with the hot line when something might come up on one of his dour days...