Word: johnstons
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National's stock, originally issued at $40 a share, had been selling at around $200 a share until last week. Then Broker James M. Johnston, representing an undisclosed customer, suddenly offered $280 a share. For $2.9 million he reportedly snared 80% of National's stock. A few days later, the directors eased President J. Frank White up into the board chairmanship and elected a new president, Barnum L. Colton, who was brought over from the National Savings and Trust Co. There he had been a vice president and had handled the United Mine Workers' deposits, chiefly...
...reasons that have turned up in support of these pro-Franco suggestions have been wonderfully varied. Farley and Johnston think that Spain would eventually make a fine market for U.S. goods; they maintain that "Spain has always paid its debts." Marshall wanted to keep Spain from going Communist, a noble motive. But the most frequent argument, and the one which Franco himself is now pushing, is that Spain could be a valuable military "bulwark" in case of war with Russia. It is no better an argument than the others...
James A. Farley and Eric Johnston have been steadily asking for government loans and direct ERP relief to Spain since the beginning of last year. In October, 1948, Senator Chan Gurney, head of the Senate Armed Services-Committee, demanded a military alliance with Franco. At the same time Secretary Marshall stated that we would be willing to allow Spain to join the UN. The State Department has been quictly but steadily permitting private banks to loan Franco money...
...full-length portrait of a middleweight heel. Based on a hard-bitten short story by the late Ring Lardner, it is a brilliant example of the kind of punch a mall studio can pack, if it has an intelligent script and a smart director. To get by the Johnston Office, Scripter "Carl Foreman made his hero, Midge Kelly Kirk Douglas), a shade gentler than Lardner's original. The movie Midge, for instance, does not paste his dear old mother in the jaw. Otherwise he is just about as unlovely a piece of humanity as Hollywood has ever treated...
...staff of 30, because he wants his editors and writers to "live the job." The typical B. H. & G. staffer is in the middle 30s, has two children, owns a better home and garden, and frequently lets readers see it (in the current issue, Foods & Equipment Editor Myrna Johnston shows her own kitchen...