Word: philanthropist
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Died. Myron C. Taylor, 85, industrialist, philanthropist, representative to the Vatican for Presidents Roosevelt and Truman ; of pneumonia; in Manhattan. Ready to retire at 50 from a successful business career as a textile executive, Taylor was launched on a second career by his friend J. P. Morgan, who urged him to go to work for U.S. Steel. He cleared the corporation of a $340 million bonded debt in time to withstand the Depression. Famed for his diplomacy in labor relations, Episcopalian Taylor was appointed F.D.R.'s special envoy to the Vatican in 1939, a post he served...
...legal preliminaries to get a tangible remembrance from the estimated $100 million-plus estate of Philanthropist Vincent Astor, portly half brother John Jacob Astor III, ignored in Vincent's will (TIME, Feb. 16), informally entered a surprise argument. Its gist: thrice-married Playboy J.J. needs the money. Turning his coffers inside out just before sailing for England, J.J., doubtless aware that the bulk of Vincent's money is earmarked to "alleviate human misery," complained that he is down to his last...
Through it all, Philanthropist French has never seen the fruits of his dollars. But this week he leaves for a 100-day trip to India, where another of his mobile health units will be donated-and early next year he plans to go to visit Korea. Says he: "It's amazing how little it costs you to be generous. I don't believe the American people have any idea of how far $10 can go in a foreign country...
With the will of the late Vincent Astor (TIME, Feb. 16) waiting for probate, the temporary administrators of the estate petitioned Dutchess County, N.Y. surrogate's court for help on a little problem in part created by Philanthropist Astor's uncanny financial touch. The request: permission to invest earnings of the mammoth estate (at least $100 million), which is burgeoning at the rate of more than $200,000 a month...
...Astor (TIME, Feb. 16), who left $2,000,000 to his widow, bequests of $827,500 to friends and relatives, the bulk of a great estate (at least $100 million) to charity. To nightclubbing John, whose easy-go ways have barely dented an easy-come $70 million or so, Philanthropist Vincent left not one cent...