Word: factly
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Dates: during 1960-1969
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...more surprised by its rapid rise than the quartet itself. Quartet members often make ends meet by teaching, solo appearances and freelancing. "We were prepared for a long, hard struggle," says Dalley. In fact, the Guarneri's financial worries have been so remarkably short-lived that they are reducing their outside teaching commitments. This year, the quartet will give about 100 concerts (at $1,200 each), compared with a mere dozen in 1965. Its recording work is also increasing, in anticipation of next year's Beethoven bicentennial; the Guarneri will by then have recorded...
...organize a company, how to reward employees. Companies in need of capital get a richer federal tax break when they issue bonds instead of stocks; they can deduct the interest on bonds from their taxable income, but dividends on stocks must be paid out of after-tax profits. This fact has stimulated the growth of conglomerate mergers, which the Government is now vigorously attacking (see following story). It is fairly cheap and easy for one company to finance the takeover of another by issuing interest-bearing securities of dubious value-the kind of paper that Wall Streeters warily refer...
Given the ignorance and inertia of many state and local legislative bodies, the un happy fact is that few cities are likely to copy the Southfield formula. Chances for significant tax reform in Congress look only slightly better...
Died. Alan Mowbray, 72, British-born character actor whose career spanned some 300 films; of a heart disease; in Hollywood. It pained Mowbray to be typecast as the perfect butler, which he played in 1937's Tapper and only four other films. In fact, he was so much at home in such roles (the tax-tortured tailor in The Boys from Syracuse, 1940; the lacy interior decorator in Jackpot, 1950) that the late John Barrymore could call him "a worthy adversary...
Among the small wonders of the great age of Queen Victoria is the fact that the Queen herself once had a drawing master who wrote The Owl and the Pussy-Cat. Subsidized as they were with honey and plenty of money wrapped up in a five-pound note, the owl and the pussycat went on to achieve that monumental Victorian ideal, a happy marriage. Their creator, Edward Lear, however, never wed, though he sometimes used to talk sentimentally about marriage as "making a nest in the olive trees." It is not recorded whether the little Queen gave so much...