Word: patronism
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...well housed as Salz. Newcomer Ben Heller, 44, a textile tycoon and a well-known collector in his own right, makes do with a nine-room co-op apartment on Manhattan's Central Park West. Heller is also a friend of artists. He was an early patron of Pollock, Newman, and Kline, has sold many of the paintings thus acquired to Manhattan's Museum of Modern Art-keeping a few favorites for himself. Today he buys mostly primitive, classical and Oriental objects. "I buy as a collector, basically because it is beautiful, and I hope that someone else...
Making Waves in Acapulco. Troy V. Post, the Dallas insurance millionaire and longtime patron of Ling's, also resigned as vice chairman and chairman of the executive committee in order to devote more time to his investments. Besides his LTV holdings. Post is worried about an Acapulco resort project, which Cornfeld's I.O.S. reportedly backed out of financing...
...corrective to presidential isolation, argues Bryce Harlow. As his Administration wears on, every President gets into trouble and he begins to feel cloistered?and the inner circle expands as he reaches out for fresh opinion. There is already evidence of this in Nixon's Washington. John Mitchell, the patron of Clement Haynsworth Jr. and G. Harrold Carswell, recently expressed his concern at "the amount of popular cynicism about the Supreme Court." Before a group of his own restive civil rights lawyers, he pointed proudly to his department's accomplishments for Southern blacks; in one year, it added 108 school districts...
...Notches. That last setback only emphasized LTV's mounting difficulties. Early this year Troy V. Post, a Dallas insurance millionaire and longtime patron of Ling's, began agitating for a radical shake-up in the conglomerate. A collector of antique clocks as well as modern corporations, Post merged his holding company, Greatamerica Corp., with LTV in 1968. In return for their shares, Greatamerica stockholders got a package of LTV debentures and stock warrants; but each $1,000 debenture is now worth only $150. LTV's stock plunged from around $100 a share at the time...
With the quirky vanity of genius, he does boast about his skill at tennis, a game he loved. Sir Edward Speyer, the British financier and patron of music, recalls Casals' arriving at his estate one day in the early 1900s and announcing, "First we'll play six sets of tennis and then the two Brahms sextets...