Word: gifts
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Dates: during 1960-1969
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...essentially a conservative-so much so that some of the younger theologians, who prefer to storm the battlements, were disenchanted with his meticulous, scholarly approach. For John Courtney Murray always moved within church tradition, presenting his liberal conclusions as developments of the hallowed past; it was his special gift for holding the two together as a living whole that carried the day in Rome...
...Pittsburgh's Papercraft Corp., it is Christmas in August. Last week, at the firm's modern one-story plant, some 1,000 employees worked round the clock in three shifts to produce gift-wrapping paper for the 1967 holiday season. Traveling around the premises in an electric golf cart was President Joseph M. Katz, 54. Shouting to make himself heard above the roar of the presses, through which rolled 600 miles of paper daily, Katz exulted: "You can't eliminate Santa Claus...
Since Katz founded the company in 1945 on an investment of $10,000, Papercraft has become the world's largest maker of gift wrappings. Last year sales amounted to more than $24 million, almost twice those of 1962. For the first half of this year, sales are up 38% over the same period of 1966-although Katz would be the first to admit that this figure means little, since 90% of his annual business derives from the American penchant for placing prettily wrapped presents beneath the Christmas tree. This fact does not disturb Katz in the least...
...Empress' tiara, fortunately, was safe in the bank vault when the jewel thieves struck. But there had been an uneasy moment last year when Sonny's wife No. 3, Eleanor Searle Whitney, told a columnist that the tiara was a gift Sonny had bought for her. Marylou would have none of it. Said she: "Sonny bought it as an investment. And I must say, the pleasure of wearing it is delicious...
From sheer neglect or indifferences, rate schedules and basic exemptions in estate and gift tax laws have remained unchanged in 25 years. In the meantime, complexities and inequities have cerpt into the system so that the present structure places the most importance on form and timing in the transference of property...