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...Pope $39 million in cash and $52 million in 5% government bonds as indemnity for losses suffered by the Pope when the Papal States were incorporated into Italy in 1870. Under Pius XII, Vatican money was shrewdly invested in stocks and real estate, and the capital has multiplied manyfold. The treaty also recognized the sovereignty of the Vatican, and a 1942 law written "in the spirit of the Concordat" exempted the Vatican from paying certain taxes then existing on dividends...

Author: /time Magazine | Title: Roman Catholics: The Vatican's Wealth | 2/26/1965 | See Source »

First of the Allies to declare war, Britain is intent on being first to turn back its industry to peace. Its vast, humming workshops have multiplied manyfold since 1940, when, in all England, there was but one drop hammer-a prewar, German-made model-capable of forging the life-&-death Spitfire crankshafts. (The man in charge of operating that precious hammer, 49-year-old William Forster, received the British Empire Medal in 1943; but only last week, when the story was told in Parliament, did Britons find out why.) Already, those desperate days seemed far away...

Author: /time Magazine | Title: Foreign News: Signs of Peace | 4/2/1945 | See Source »

...director; so too, Fred J. Fisher. Lawrence P. Fisher is a director and president of the G. M.'s Cadillac division, William A. a director and president of the Fisher Body division. The $36,000,000 G. M. stock that they received for their business has increased manyfold from G. M. extra dividends and stock split-ups and stock market offers...

Author: /time Magazine | Title: Business & Finance: Fisher Brothers | 9/24/1928 | See Source »

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