Word: ownership
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Dates: during 1940-1949
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Underground. Though it has changed ownership only once since 1800, the Gazette (circ. 9,200) has had eight different names and has suffered more violent changes. Gazette Founder Samuel Snowden and son Edgar pursued a, conservative editorial way until the Civil War. When Federal occupation troops arrested an Alexandria minister in church for refusing to pray for Abraham Lincoln, the Gazette cried out at the indignity. Angry Unionists burned the offices down, and the paper had to publish underground. When it finally made peace with the Unionists and emerged, the Gazette was still unreconstructed...
Millions of Protestant Christians are extremely skeptical as to the martyr role of Cardinal Mindszenty . . . His stand against the totalitarian state does not wholly look like genuine heroism in behalf of spiritual treasures. There is nothing in the Gospel to justify the Roman Catholic Church's ownership of more than one million acres of land, on which a hundred thousand tenants have been living like medieval serfs. The present government of Hungary stood for social justice and Christian democracy when it took the land away from the feudal bishops and gave it to the freed serfs...
...Urged public ownership of all large corporations...
Last week, Sears gave out the latest figures on employee ownership. Some 96,000 employees own 4,502,523 shares (19%) of Sears stock, all of it bought through the company's profit-sharing plan. Since 1916, when Sears, Roebuck first set up the plan, it has matched the workers' annual 5% contributions with a percentage of the company's profits. The company's payment for 1947 totaled $18,848,363. Total worth of stock and cash in the fund: $216.5 million...
...handicap: it has had to get along without its own theaters, which older, richer studios have found to be a cushion against bad pictures and production losses. Now, with the Federal Government winning its campaign to force bigger companies to divorce production from theater ownership, E.L.'s experience in licking the handicap has a chance of turning into an advantage...