Word: memos
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...fight between the New York Central and the Chesapeake & Ohio railroads to gain control of the B. & O. (TIME, July11), the Swiss-held shares may prove to be the decisive block. Last week the three big Swiss banks that hold the stock advised the owners, in a confidential memo, to accept the merger offer of the C. & O. Merger of the C. & O. and the B. & O., said the memo, would "present many real advantages." The banks pointed to the C. & O.'s strong earnings and high common stock dividends ($4 a year since 1957), noted that the Central...
When word of the banks' memo reached Perlman, he hurriedly called a press conference in the Central's stodgy board room. He announced that he would fly to Switzerland to "correct certain errors" in the banks' thinking. Perlman, who has been a few steps behind fast-moving Walter Touhy since the merger talks started, may not be able to make up the lost ground. The C. & O. already has an estimated 10% of the B. & O.'s stock pledged to it, is reported to have the promise of another 20% from B. & O. investors...
...News) since 1955, top man of the triumvirate that replaced the irreplaceable Colonel Robert R. McCormick; of heart disease; in Baie Comeau, Que. A onetime subscription solicitor who spent much of his 39-year Trib career as the paper's shrewd, aggressive advertising manager, Campbell once received a memo from the colonel's walnut-paneled office stating, "We carry a line over the classified ad section reading, 'The Tribune prints more want ads than any other newspaper in America.' Can't we say the world?" Campbell could, and in 1946, he put the Trib atop...
...memo was purposely presented in a form that did not call for action by the committee or by the OAS. Angry as the U.S. is at Castro's attacks, it bears in mind the fact that although almost every Latin American government is fed up with Castro, many among the peasant masses in these countries still have a misty, remote view of Castro as a savior of their kind, and as a symbol of rebellion against their miserable lot. A government that voted to condemn Castro in the OAS would risk popular wrath at home. Such being the case...
...industry. A quarter-million tourists a year, 25,000 from the U.S., pour into this medieval town in the green-girt Cotswolds to poke curiously through Anne Hathaway's neighboring cottage and peer reverently at Shakespeare's crypt in Holy Trinity Church. The red brick Stratford Memo rial Theater receives 1,000,000 ticket requests annually, is forced to turn down four out of five. The lucky ducat holders this year will pay $500,000 to sit on three sides...