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What further bothers market specialists about the tax is that it prevents people from being guided by what they really think is a good investment, tends to make the market a less realistic mirror of business conditions. "With capital gains," says Walter Maynard, senior partner of Shearson, Hammill & Co., "you are betting the certainty of a 25% loss v. a problematical gain. And with that certainty of a loss, investors will refrain from making a sale even while admitting that the price of a security is high enough for them...

Author: /time Magazine | Title: WALL STREET: Tailspin & Recovery | 12/8/1958 | See Source »

...intrepid Britons reported in with the news that the good name of Physician-Explorer David Livingstone is still to be found in the Dark Continent. While tracing Livingstone's paddle up the sluggish Zambezi (made a century ago), Voyagers Quentin Keynes, 34, nephew of the late Economist John Maynard Keynes...

Author: /time Magazine | Title: People, Dec. 1, 1958 | 12/1/1958 | See Source »

Working on a new novel called Lord Timothy Dexter Revisited, a guest known as Mr. Maynard kept his identity mostly secret on a ranch in Nevada's Washoe Valley. This week, his residence requirements satisfied, Mr. Maynard will have to make himself known in order to seek a divorce (after a second marriage that has lasted 21 years) as John Phillips Marquand. Meanwhile, the 65-year-old Maynard has found another love: Nevada. It "is the last frontier of the fiction writer. This is the place for a young writer to come. What this place needs is a mute...

Author: /time Magazine | Title: People, Nov. 17, 1958 | 11/17/1958 | See Source »

Since its yeasty youth under moon-shooting Idea Men Paul Hoffman and Robert Maynard Hutchins, the vast Ford Foundation ($2.7 billion in current assets) has grown more staid. Latest evidence: the appointment of Manhattan Banker John J. McCloy, U.S. High Commissioner for Germany from 1949 to 1952, to succeed H. Rowan Gaither Jr. as board chairman. McCloy, 63, will take over in December without leaving his post as board chairman of the Chase Manhattan

Author: /time Magazine | Title: Education: Appointment of the Week | 10/13/1958 | See Source »

...Robert Maynard Hutchins, president...

Author: /time Magazine | Title: Education: The $1,000 Word | 6/23/1958 | See Source »

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