Word: wall
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Dates: during 1960-1969
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Gold for Ballast. Saxon's wall shaker was a proposal to allow national banks to set up branches within 25 miles of their home offices, though laws in 34 states expressly restrict or prohibit branch banking, even by nationally chartered banks. Left at a competitive disadvantage, most bankers fear, state-chartered banks would immediately shift to national charters, and soon only a single, nationally supervised banking system would survive. This, they argue, would destroy the cherished "dual system" of banking, with its checks and balances against heavy-handed regulation. Saxon's argument: branching restrictions merely protect well-entrenched...
...years, tourists poured into the little Swiss Alpine town of Kleine Scheidegg to gawk at a grisly spectacle. Hanging by a rope high up on the north wall of the Eiger (Ogre) was the body of a man, swinging free in summer, frozen to the wall in winter. It was the grim finale to a disastrous assault on the Eiger made by two Germans and two Italians in 1957. The retelling of their ordeal by Jack Olsen, a senior editor of SPORTS ILLUSTRATED, is an engrossing study of the dark drives that make men climb...
...Claudio Corti, 29, the Eiger was an obsession. An Italian truck driver who had had many brushes with death on mountains, he was "Ahab-like" in his determination to scale the Eiger's north wall, a 6,000-ft.-high slab of rock raked by avalanches and lashed by storms. The Eiger can be scaled with only moderate difficulty from the west or south. But mountaineers, with typically contrary bravado, are inevitably lured to its north wall, where more than 100 people have managed to make it to the top and 25 others have been killed in the attempt...
...ordeal as harrowing as that of the climbers. They struggled up the slope with heavy equipment. Some of them fell into deep crevasses along the way, seriously injured. By this time both Germans had fallen to their deaths; Corti and Longhi were stranded on different ledges on the wall. Securing a winch to the ice on the razor-thin summit, the rescuers lowered a man on cable down the north wall. After three agonizing hours, he managed to bring back Corti. But storms kept rescuers from reaching Longhi. When the observers below last saw him alive through the clouds...
...dismay, he boasted exultantly that he had conquered the Eiger. Later, he was pilloried in the press and charged with deserting Longhi to save himself. When he was finally vindicated, he swore that he would attempt the mountain once again. "I dream about it all the time, that evil wall," he told Olsen, "I dream that I am on the summit and I have climbed the wall, and I am at peace...