Word: proprietorship
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Dates: during 1940-1949
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Wisconsin's common folk, with an air of affectionate proprietorship, called him "the old man." They liked to think of the big, rumpled man in the governor's chair, puffing his pipe, nibbling cheese, his voice rumbling, his massive head wagging like an amiable St. Bernard's. Some might disagree with his basically conservative Republicanism. But everyone agreed that Governor Walter Samuel Goodland was honest to the point of truculence. He was also, at 84, the oldest state governor in the nation's history...
...close association with Publisher Lord Beaverbrook (TIME, April 10). Socialistic Sir Richard Acland, Common Wealth Party leader, sharply asked if the rule which bars Cabinet Ministers from engaging in journalism had been suspended to favor the brash, busy Beaver and his London Daily Express. Said Churchill: "The proprietorship of newspapers has never been held to be journalism in the ordinary sense...
Primitive free enterprise, said he, was irresponsible and daring. The modern variety is (or is becoming) responsible, "marked by a shift from management in the aristocratic tradition of personal proprietorship to the democratic philosophy of non-partisan administration." But the danger is that it should lose its daring. In the fear that Government will out-promise and submerge a timorous enterprise system, "thus far business has relied too fully on the negative principle, 'I want to be left alone...