Word: built
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Dates: during 1950-1959
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Three of the four yachts were newly born, built especially for this event. Each was the product of minute designing and craftsmanship. The favorite: white-hulled Columbia, created by Olin Stephens, yachting's most successful designer in the last 20 years. Columbia was skippered by dashing Car and Yacht Racer Briggs Cunningham (TIME Cover, April 26, 1954), equipped with Ratsey sails made of a special new synthetic and financed by a New York Yacht Club syndicate headed by Manhattan Financier Henry Sears...
Above 86th Street. The Tishman firm was started in 1898 by Norman Tishman's father Julius, an immigrant peddler who turned to real estate to get money to educate his children. Julius Tishman built small tenements in downtown Manhattan until 1910. Then he decided, against all advice, to erect a nine-story luxury apartment on Manhattan's West 93rd Street, despite a tradition that no well-to-do New Yorker would live above 86th Street. The building was profitable, and Julius Tishman made his fortune by continuing to build above 86th Street for the next ten years...
...from Harvard, Julius decided to build an office building across from Manhattan's Penn Station. Though the area was largely occupied by factories, Tishman thought it would be ideal for commuting office workers. He was right; other companies followed his lead. Right after World War II, the firm built the first fully air-conditioned office building and the first metalclad office building in Manhattan...
Behind her, Grace Morley is leaving a museum she has built up from scratch, and that now boasts a growing first-rate collection, an active membership of 4,400, an annual operating budget of $150,000. Says she, "I'm rather happy-my sense is of 'mission accomplished.' " As a farewell present, she will take with her four massive portfolios of art contributed by some 200 local painters, printmakers, watercolorists and sculptors whom she has long championed. Their admiration and affection is warmly returned by Grace Morley, who says firmly: "The Bay Area...
...money was just as free with checks." All through the late 1860s, he had the money, shelled out as much as $241,000 at a session to get the legislation he and his associates wanted. Eventually, the Swepson-Littlefield interests floated their own bonds for railroad lines they never built. They snapped up land at distress sales, bought state-owned cotton at 33?. which they quickly sold on the open market at 47?. Littlefield branched out into Florida and became president of the Jacksonville, Pensacola & Mobile Railroad...