Word: points
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Dates: during 1950-1959
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...superiors. Later, he toned down that flat statement, merely claimed that he had mentioned the matter to City Editor Norton Mockridge "in the course of a long lunch" several weeks after the bribe was allegedly offered. But Mockridge denied ever having heard of the sorry business-and at that point Rewriteman Fred Cook followed Legman Gene Gleason right off the World-Telegram payroll...
From the Federal Reserve Board last week came news that department stores started their Christmas season from the highest take-off point in history. Sales in the final pre-Thanksgiving week hit 182 on the 1947-49 index, up from 169 in 1958. Only 5% ahead of 1958 at the beginning of November, department-store sales were 6% ahead in the second week of the month, 8% ahead in the third. Other signs of a faster beat in the economy...
...that point, Chairman Hurley and C-W's board of directors had another piece of news: the company cut its quarterly dividend almost in half, from 62½? to 37½?. Sales for the first nine months of 1959 were down $40 million, with a $6,400,000 drop (to $9,000,000) in profits. Once again C-W was suspended from trading as investors tried frantically to dump their stock. When trading was resumed, C-W dropped, wound up 5⅞ points below the high...
...West Point Esthete. "I do not choose to be born at Lowell," said Massachusetts' James Whistler in later life, but he was, on July 10, 1834. The boy's father, a West Point engineer, shortly obliged him with a surrogate birthplace (St. Petersburg) by accepting Czar Nicholas I's commission to build a Moscow-to-St. Petersburg railroad. When the elder Whistler died in a cholera epidemic, James was old enough to enter West Point. In a chemistry exam, Cadet Whistler identified silicon as a gas, and West Point decided to do without him. "If silicon...
Nursing a bruised ego and a gift for sketching, the 21-year-old Whistler embarked for Paris and the studio of French Painter Gustave Courbet. From Courbet he acquired his early brush strokes, his first model-mistress, Eloise, and a point of view: "Beauty is truth." This creed spurred the art-for-art's-sake movement with which an entire generation of painters and writers thwacked at the Victorian taste for the didactic, the sentimental and the morally elevating. From London (where he moved in 1859), Whistler deployed his canvases like troops in this avant-garde campaign. The fury...