Word: wachovia
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Dates: during 1950-1959
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Less obvious but more pervasive was the university's effect upon the state's business community, dominated by Chapel Hill alumni. Under the watchful eye of a benign oligarchy (R. J. Reynolds Tobacco Co., Wachovia Bank & Trust Co., Duke Power Co. and the "textile aristocracy"), North Carolina has been developed with uncommon imagination. Business leaders have endowed well-paid professorial chairs, set up string-free foundations, protected professors back at the alma mater from the political censorship common to state-supported Southern schools...