Word: groups
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Dates: during 1960-1960
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Your kindly and loving obit for Franklin P. Adams [April 4] evoked long-forgotten memories of his "Conning Tower" columns, which, secreted among the pages of William Wordsworth's output, helped a desperate group of college juniors get through an uninspired course in romantic poetry...
...Aluminum Pechiney/Ugine is exclusively in the hands of French and Belgian shareholders [not shared with Olin-Mathieson]. On the other hand, Olin-Mathieson is an important shareholder of FRIA, which produces alumina from local bauxite in Guinea; other shareholders in the company, in addition to our French group, are English, German and Swiss producers...
Quarrels & Quitters. It is no secret to some oldtimers who inhabit the valley that many of the Fifty-Niners do not get along; there have been quarrels over sharing workloads and group property. A few weeks ago Marino Sik posted his land with no-trespassing signs. Still, the Ray Kulas, the Nick Rubinos, the Donaldsons and the Siks, and a few others are determined to stick...
...borrowing from one to pay another. With his associates, Cohn last October borrowed $339,000 from the Mastan Corp. in Manhattan at a monthly interest rate of 1½%, and $532,000 from a Hong Kong moneylender, Commercial Investment Co., Ltd. With the help of this money, the Cohn group bought the controlling interest in Lionel. A month later Cohn borrowed $400,000 from Atlantidi, S.A., a Panamanian moneylender, used it to pay off the Mastan Corp. loan. Last month Cohn borrowed an additional $365,000 from Manhattan's Austin Associates Inc., to buy more Lionel stock...
...buyers, said witnesses, are among the most gullible of installment buyers. Recently, said Victor H. Nyborg, president of the Association of Better Business Bureaus, his group interviewed 225 new-car buyers, found that half, without knowing it, had agreed to buy life insurance along with their cars. One car buyer was making payments of $500 a year on his car, was charged $431 more for financing charges. Another paid an interest rate of 50% a year to finance a used...