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Williams, scion of a Virginia banking family, went to work at Manhattan's Lee, Higginson & Co. after graduating from Harvard Business School. In 1929, after switching to his father's bank, he started a proxy fight to wrest Freeport's control away from a management he thought slipshod. Young Whitney, heir to an estimated $100 million fortune, had taken a $15-a-week "buzzer boy" job at Lee, Higginson rather than loaf. At the suggestion of his department boss, 25-year-old Whitney plunked a $500,000 stake into Williams' fight, enabled...

Author: /time Magazine | Title: RAW MATERIALS: Freeport's Find | 9/3/1951 | See Source »

Died. Commander John Kenneth Levison Ross, 75, railroad scion (his father: James Ross, a builder of the Canadian Pacific) who inherited $10 million in 1916, set up a racing stable which sent Canada's only Kentucky Derby winner to the post (Sir Barton, 1919); after long illness; in Montego Bay, Jamaica...

Author: /time Magazine | Title: Milestones, Aug. 6, 1951 | 8/6/1951 | See Source »

Abdullah Ibn Hussein, scion of the proud Hashemite family, lived in his youth in "honorable captivity" i.e., as a hostage for the good behavior of his powerful relatives, at the court of Turkish Sultan Abdul Hamid, who cut off heads with considerably less thought than Cromwell ever gave the matter. But Abdullah preferred to satisfy his great ambition-and check his many enemies-through subtler means. He seemed to have a natural knack for the subtle games of power. At Abdul Hamid's court the youngster, who was born and raised (until 10) in a harem, came to realize...

Author: /time Magazine | Title: Foreign News: Arab Gentleman | 7/30/1951 | See Source »

Acquitted last week after a trial before a federal judge in Washington: Frederick Field, left-wing scion of Cornelius Vanderbilt and longtime wealthy of U.S. Communism. The charge: contempt of Congress in refusing to an 32 questions put to him last spring by a Senate subcommittee. Field's defense: his answers, if made, would have to incriminate him. Score to date eight congressional contempt cases: six acquittals...

Author: /time Magazine | Title: TRIALS: Not Guilty | 4/2/1951 | See Source »

Your readers will be interested in what the Marquis Arturo della Scala, scion of one of Italy's oldest families and well-known lawyer, said to me in Rome last month . . .: ''If America wants to defend the liberty of Western Europe (and of the Western World), it can never do so by liberating Europe after a Russian occupation, but only by preventing it-by sending enough men and material...

Author: /time Magazine | Title: Letters, Oct. 9, 1950 | 10/9/1950 | See Source »

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