Word: mutuals
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Dates: during 1950-1959
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...About Mutuals. The boom in stock ownership in Britain was reflected in many a nation around the world, showed a profound change in the savings habits of people with small incomes. Before, if they saved at all, they put their money under the mattress, or in government securities or postal savings. Today, millions who once looked on stock ownership as the pastime of the rich, and stock exchanges as sinister cabals against the common man, are eagerly investing in capitalism. One of the easiest ways, as in the U.S., is through mutual funds...
...Britain, 42 mutual funds have sprung up (four of them in the past 15 months), offering to invest sums as small as 38?. With 400,000 buyers enrolled, British fund assets jumped 50% in the past year alone, to $336 million. Among newcomers to the capitalist class are thousands who still have no bank accounts. A poll of investors showed that one-fourth left school in the grammar grades. So radically has the British attitude toward buying shares in capitalism changed that even the Laborite Daily Herald in its financial column now urges mutual funds as a good place...
...portrait painters, which might be defined as hungry-eyed, U.S. Presidents in general have shown one serious weakness: they dislike extended portrait sittings. And by the same token artists are apt to strike Presidents as being somewhat heedless of time and the proprieties. The classic case of this mutual difficulty came early in the nation's history, when Gilbert Stuart first set George Washington on canvas. "Now, sir," Stuart cheerily began as he took up his brush, "you must let me forget that you are General Washington and that I am Stuart the painter!" The President's bone...
...paint the President, both artist and subject hesitated momentarily. Wyeth, a deliberate and profoundly emotional artist, was naturally a bit overawed by the assignment. The President, for his part, was relaxing at Gettysburg, gathering his forces for his momentous and precedent-shattering visit to Europe. But TIME and mutual admiration brought the two together to create an important addition to the picture gallery of American history...
...ruled by a handsome, English-speaking, archery-loving young Dragon King who has freed the slaves, discouraged prostration in the royal presence, and decreed equality for women. He is determined to keep his country's independence. Anxious about Bhutan, Nehru has invited its Prime Minister down to talk mutual defense...