Word: mogg
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Dates: during 1980-1989
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Says British Bookman Sir William Rees-Mogg, a former London Times editor: "Rare books make rich men wise and wise men rich." So rich that the venerable London firm of Francis Edwards now advocates a kind of leather-bound mutual fund. For a minimum of $1,000-plus a 2% storage commission-Edwards assembles a "portfolio" of rare books, often unseen by the investor, to be sold later for profit. A typical $10,000 Edwards holding might include such items as The Journals of Captain Cook ($200), Kipling's Kim ($80) and Thomas Chippendale's The Gentleman...
...hoping for a guarantee from the unions of future cooperation. Said Thomson last week: "Frankly, we've had more cooperation in production than we've had for years. It's rather bittersweet." So far, no potential buyer has stepped forward. Times Editor William Rees-Mogg, 52, is trying to organize a consortium of management and journalists to buy the daily, and has even received pledges of up to $480,000 from readers. But as the "Thunderer" itself editorialized: Potential proprietors are like "taxicabs-plentiful when the sun is shining, but scarce on a rainy...