Word: sharing
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Dates: during 1940-1949
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Last week Bill Boyle came to his reward. Democratic Chairman J. Howard McGrath, who is loyal but no mover and shaker, was called to the White House, gently given the word. Then McGrath announced that Boyle would be executive vice chairman, run headquarters, share in policymaking. There was much more to it than that: Bill Boyle would parcel out, or pass on, the jobs in the lush fields above civil service and below Cabinet rank (among them: judgeships, U.S. district attorneys, key postmasterships). Eventually he would probably take title officially from McGrath. His first goal: to buck...
Certainly Gyoergy was unbowed. "I don't retract one single word," he stormed. "I'd do it again any time . . . The American players ... are a bunch of dollar-imperialist puppets, reactionaries and betting braggarts." Shamefaced Hungarian players, who did not share the fire-eating Communist's opinions, privately apologized to the U.S. team. After the Hungarian team won the Swaythling Cup, even Gyoergy grudgingly relented: "It's a pity I said all this. It chips off some of the glory of the Magyar victory...
...only paid officer-secretary and assistant treasurer-of Christiana Securities Co. Last week he sent out Christiana's annual report. In 1948, the company had netted $28.4 million, a substantial gain over the $23.3 million earned in 1947. For each of Christiana's 150,000 common shares, this was an earning of $182.72. Tinney mailed out all but 2? a share of this to Christiana's select little band of 3,186 common stockholders...
Christiana is the highest-priced stock on the market. It was quoted last week, over the counter, at $3,005 bid, $3,055 asked. Even at that price, it seemed to be a bargain. By buying a share of Christiana, an investor would indirectly own 19½ shares of Du Pont stock, almost three shares more than if he had spent the same amount of cash to buy Du Pont stock...
Last week International Telephone & Telegraph Corp. and Farnsworth officials helped kick it farther down the ladder. I.T. & T. had agreed to buy Farnsworth through an exchange of stock, one share of I.T. & T. for twelve of Farnsworth. Since I.T. & T. was selling for $9.25 and Farnsworth for $2.87, the deal meant that Farnsworth's trade-in value was only about 77? a share. That touched off a selling wave...