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Under Pomerantz' prodding, Little admitted that his family trust, American Associates, Inc., had turned a quick $700,000 profit by buying & selling the Newmarket Mill at Lowell, Mass. Textron, offered the same chance, had turned it down because, said Little, Textron could not get a loan to swing the deal. In a second deal, Textron had bought the Suncook Mill in New Hampshire for $1,750,000 in 1943. Only a month before Textron bought the company, Little admitted, his family trust, which had been buying Suncook stock since 1933, had bought an additional 2,000 shares. Asked Pomerantz...

Author: /time Magazine | Title: CORPORATIONS: In the Stockholders' Interest? | 5/22/1950 | See Source »

...cast of A Queen Came By went back to their humdrum jobs-and a quick look at the racing form. A horse named Jacket was running in the fourth at Newmarket. The entire cast put their money on his nose. Jacket romped home, paying four...

Author: /time Magazine | Title: GREAT BRITAIN: Polterjacket | 5/9/1949 | See Source »

...Barton Townley, 34, is a rich Englishman with a Falstaffian laugh and a weak heart. Because of the heart, his doctor advised him to give up golf and rugger. So Townley, having studied the racing sheets as well as law at Cambridge, bought some race horses. Last week, at Newmarket, his weak heart thumped and bumped under a strain that might have told on stronger...

Author: /time Magazine | Title: Sport: Fool's Game | 11/8/1948 | See Source »

...planned the coup carefully. First, the horse was bought last July for about ?4,000 with only the Cambridgeshire in mind. The tough, hilly Newmarket course was studied foot by foot so that the jockey could be told "where to do what" far in advance. Townley bet his money strategically, in driblets spread among more than 80 bookmakers. He got some money on at 50 to 1, some more al 40. Then the price eased off to 33. Sterope went to the post at 25 to 1. Altogether Townley bet about $16,000 on him to win -and Sterope...

Author: /time Magazine | Title: Sport: Fool's Game | 11/8/1948 | See Source »

...couple spent most of their time in Britain, where they lived in lush disregard for austerity. The Maharaja lengthened his fabulous string of race horses (estimated to be worth $1,000,000), built a chromium-studded training establishment atop Warren Hill, Newmarket, Cambridgeshire (despite local indignation over this use of scarce building materials...

Author: /time Magazine | Title: INDIA: Keeper of the Cattle | 8/23/1948 | See Source »

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