Word: trusted
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Dates: during 1960-1969
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Died. Henry C. Alexander, 67, architect of the merger that created Morgan Guaranty Trust, the country's sixth largest commercial bank (assets: $11 billion); of a stroke; in Manhattan. Alexander accepted a partnership in the faltering house of Morgan in 1939, and shook up the stodgy banking community by aggressively scouring the country for new accounts and training a new generation of bright young employees to follow his lead. By 1959, Morgan was a growing, $915 million concern, and Alexander had the stage set for his greatest coup: merger with $3.13 billion Guaranty Trust...
...trust that your conclusion and mine are similar...
Though Paul McCracken is a socially sensitive man who fully recognizes the dangers involved, he argues on behalf of the Administration that "We have no alternative but to risk overstaying with policies of restraint." Economist Gabriel Hauge, chairman of Manhattan's Manufacturers Hanover Trust Co., agrees: "The nation has to run the risk of getting into a recession. We should not be afraid of overkill...
...Sprinkel, senior vice president of Chicago's Harris Trust and Savings Bank. Henry Kaufman, partner in the Manhattan investment firm of Salomon Bros, and Hutzler, expects "a mild but sustained recession." He foresees a 15% to 20% drop in corporate profits...
...Administration could agree in-principle to the Black students request, make a public statement of the problems the University faces in fulfilling it, and then appeal for OBU's help in finding strategies for achieving their joint purpose. This approach would go far toward eliminating the breach of trust which in large part explains the rapid breakdown of negotiations after last Friday's occupation...