DailyTimeCapsule brief
August 27, 1960
On August 27, 1960, the financial world was shaken by the sudden death of Donald H. Aiken, a banker and former state aide who was under investigation related to a controversial Red Bail Fund. Aiken served as the treasurer of Greenwich Savings and his passing raised questions about his involvement in the investigation. The public and media were closely following this story amid a backdrop of growing concerns about the influence of communism during the Cold War. In parallel, a notable development in social welfare emerged with the design of a home specifically tailored for handicapped individuals, potentially benefiting many homemakers seeking more accessible living spaces. Additionally, the Bronx mourned the loss of Dr. Theodore Ries, the 55-year-old rector of St. Ann's Episcopal Church, marking a significant loss for the local community.
Key developments
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Donald H. Aiken, a prominent banker and former state aide, has passed away at the age of 1. In addition to his banking career, Aiken was embroiled in controversy surrounding his investigation related to a Red Bail Fund, which aimed to aid individuals during politically tumultuous times. He served as the treasurer of Greenwich Savings, a role that placed him at the center of financial and social discussions in his community.
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A groundbreaking model home designed for individuals with disabilities was showcased by J Rosati & Sons at the NYU Physical Medicine and Rehabilitation Institute. This design aims to enhance everyday living for handicapped individuals, focusing on both functionality and aesthetics. The exhibition included detailed illustrations and descriptions, highlighting how this home could benefit not just the handicapped, but any homemaker seeking a more efficient living space.
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Dr. Theodore Ries, the esteemed rector of St. Ann's Episcopal Church in the Bronx, has passed away at the age of 55. Ries was known for his deep commitment to his community and his efforts to enrich the lives of those around him through spiritual guidance and outreach initiatives. His dedication to interfaith dialogue and social justice significantly impacted the Bronx community, where he served for numerous years.
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